Cedents Can Protect Themselves From Disastrous MGA Relationships
The last year has witnessed a dramatic rise in legal cases in which cedent insurance companies and their reinsurers are spending many hundreds of thousands of dollars to resolve disputes arising out of disastrous relationships with managing general agents.
It is vitally important for insurers–especially foreign companies that often do not realize what they are getting into–to thoroughly investigate any MGA that they intend to do business with.
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