Conning estimates that the total U.S. MGA market, including business written for the account of Lloyd’s syndicates, exceeded $102 billion in direct premiums written in 2023. Approximately 17% of total MGA premium is now supported by fronting companies, a share that has more than tripled since 2020.

Read Conning’s study, “Managing General Agents: Ahead of the Pack,” for details on MGA marketplace dynamics, trends, participants, and outlook. It includes analysis of the growing fronting market and findings from Conning’s 2023 proprietary survey of MGA executives and insurers. Download the highlights above to learn more.