Evolution of Program Insurance Part 1
This discussion explores the evolution of Managing General Agents (MGAs) in the Program space, with a focus on market changes and competitive dynamics. The conversation addresses whether now is a good time for new capacity providers to enter the crowded hybrid carrier market and also outlines the strategies that successful aggregators are using to stand out. There is an emphasis on how MGAs and their Carrier partners differentiate themselves in a competitive market place. Ultimately, the discussion seeks insights into the current trends and challenges facing the MGA and carrier ecosystem.
Guest Speaker: Matt Petka, Guy Carpenter
Matt runs the Dallas branch for Guy Carpenter. He also leads their US Program & MGA practice, GC Access, a fully integrated bespoke service for clients across business planning, program carrier selection, capital advisory, and modeling support. The practice consists of 50+ colleagues in North America, Canada, and the UK and works closely with the firm’s Global Strategic Advisory and InsurTech Center of Excellence teams.
Matt brings over 22 years of broking experience to the role. He joined Guy Carpenter in 2021 as a Managing Director and prior to this, was an Executive Vice President at Willis Re, focusing on MGA and regional clients. Matt worked at Willis for 15 years and, before that, worked at Collins.
Matt received a Bachelor of Science in Economics with Financial Applications from Southern Methodist University.