Brightside to launch MGA
Brightside Insurance plans to launch a new managing general agent (MGA) specialising in van and tradesman insurance next year.
Speaking to Insurance Age, chief executive officer Mark Cliff said he hoped to develop the service by next September.
The new MGA will be based in Southampton and headed up by Trevor Bowers.
Mark said, ‘We’re going through the process of building that at the moment. We’re talking to capacity, IT providers and claims providers.’
He continued, ‘We want to be in control of our own destiny in what is a very competitive market. A number of us have worked for insurers, so we’ve been on that side and understand what is required. We do feel that we have the ability to match our proposition to underwriting capability and we believe we will make a good return for the underwriters as well as allowing us to grow our book of customers quicker.’