AM Best to Discuss MGAs and MGUs at the Hudson Insurance Federation of New Jersey Event

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best’s Greg Williams will discuss the Best’s Performance Assessment for Delegated Underwriting Authority Enterprises (DUAE) at the Hudson Insurance Federation of New Jersey’s (HIF) virtual event on June 29 at 5 p.m. (EDT). Williams, a senior director of analytics, will join Greg Lang, founder of the Reinsurance and Insurance Network, for a panel discussion titled, “What’s Next for MGAs and MGUs?”

AM Best defines DUAE as a blanket term to capture managing general agents, managing general underwriters, coverholders, program administrators, program underwriters, underwriting agencies, direct authorizations and appointed representatives. AM Best introduced a draft methodology in March for the Best’s Performance Assessment (PA), which provides a framework for differentiating among DUAEs in the insurance industry. The Best’s PA is a forward-looking, independent and objective non-credit opinion.

The HIF is a member-driven trade association that supports leaders in the insurance industry in the Jersey City metro region and the State of New Jersey. HIF supports the insurance industry through educational programs focusing on important industry trends and current developments.

For more information, please visit the HIF’s event page.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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