We are pleased to announce the launch of Polo MGA – a new Managing General Agent (MGA) incubator. This new offering provides services to both start-up and established MGAs ranging from support with their formation to support for their growth, in some cases supplemented by investment from PoloWorks where the business proposition fits Polo’s investment appetite.

As well as acting as the MGA’s principal, Polo MGA offers the full range of services needed to incubate an MGA including credit control, finance support and regulatory reporting, along with internal broker support and transaction management.

But that’s not all. Polo MGA clients have access to the wealth of expertise within PoloWorks’ ecosystem. Whether it’s actuarial analysis, claims services, or risk management, our network of over 350 specialist matter experts based in London and Cheltenham is at their disposal. We’re not just incubating MGAs; we’re fostering a community of collaboration and innovation.

Adam Tanner, Head of Polo MGA, expressed his excitement about this new venture, “This is an exciting addition to the PoloWorks suite of services. The launch of Polo MGA broadens our offering to underwriters taking the MGA route seeking enhanced performance-based remuneration, as well as setting the stage for a potential future transition into their own Polo-managed syndicate or syndicate-in-a-box. Our new MGA incubator aims to support the establishment of MGA-based underwriting cells, allowing underwriters to focus on their core tasks of underwriting and business development. I look forward to working alongside the wider PoloWorks team in the MGA space.”

Paul Andrews, CEO of PoloWorks and Polo Managing Agency, sees Polo MGA as a pivotal addition to our portfolio. “This launch marks a significant milestone for PoloWorks,” he remarked. ” the launch of Polo MGA enables PoloWorks to provide a user-friendly underwriting vehicle in the UK market alongside international underwriting capability via our Lloyd’s turnkey division Polo Managing Agency. Our aim is to not stop there – from June 2024, we will also be able to offer an offshore platform in Guernsey through Polo Insurance Managers (PIM). The launches of Polo MGA now and of PIM in June are further extensions to the full-service, multi-platform turnkey offering that PoloWorks provides.”

With Polo MGA, the future of underwriting is here. Join us as we embark on this exciting journey, shaping the future of insurance one innovative solution at a time.