MGA & Specialty Underwriting: A Market Perspective

The MGA market continues to expand faster than the broader P&C market, attracting new capital and a widening range of buyers. But as market conditions evolve, buyers are becoming increasingly selective about where they see value.

 

Sica | Fletcher's latest market perspective examines the trends shaping MGA and specialty underwriting M&A — from market growth and buyer composition to valuation signals and the underwriting characteristics commanding the strongest interest.

The report explores:

• Continued growth across the U.S. MGA market

• An expanding buyer and ownership landscape

• Recent transaction activity and valuation benchmarks

• How a softening rate environment is influencing buyer priorities

• Why underwriting performance and pricing discipline increasingly matter​