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Showing posts with the label Construction coverage insurance in canada

The impact of MGAs getting more business

  It is taking longer to get insurance placed through managing general agents because MGAs are getting more business in the hard market, one Ontario broker suggests. Many commercial accounts, which previously would have been handled by retail brokers, are now going to the MGA market, said Greg Robertson, president of R. Robertson Insurance Brokers Ltd., in an interview last week. “The MGAs are inundated by work,” Robertson said. “It’s not an availability crunch, but there are time constraints now that were not present last year because of the massive strain that MGAs are feeling as it relates to the commercial portfolios.  Construction coverage insurance in canada  are looking at their appetites in classes of business in restaurant, realty and hospitality.” Robertson was asked about issues in the property and casualty  insurance for Contractors  and some vacant properties. As some vacant properties are also being placed through the MGA market, suggested Robertso...