MGA Market Review – September 2025

The MGA market continues to expand rapidly as new operating models, capital sources, technology and distribution strategies reshape the insurance landscape.

This Sheffield Haworth review examines the structure and continued rise of Managing General Agents, with a particular focus on the UK and London market.

The continued growth and evolution of the global and UK MGA market

The different models shaping the sector, including Consolidators, Incubators, Broker MGAs and Carrier MGAs

How MGAs are developing across different insurance lines and specialist markets

The role of hybrid fronting, private equity, venture capital and other sources of capacity

Increasing regulatory attention around delegated authority, processes and data integrity

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