OLDWICK, N.J.--(BUSINESS WIRE)--In this A.M.BestTV episode from the Target Markets Program
Administrators Association (TMPAA) Summit in Scottsdale, AZ, insurance
executives said managing general agents (MGA) and brokers have an
advantage in developing new products and programs because of their close
ties to insureds and agents. Click on http://www.ambest.com/v.asp?v=targetmarkets11016nc
to view the entire program.
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Program administrators from throughout the United States are attending
the conference and talking about how attractive the program business has
become.
“There is a lot of interest in the program business from carriers in it
and MGAs,” said Jack Russell, senior vice president, brokerage & program
distribution, Allianz SE. “The reason for this is that the sector
is able to design services for customers that they cannot get on their
own.”
Robert Newmarker, head of sales, Zurich Programs, said he
believes the business is a huge opportunity for growth. “This program
business is going to continue to grow and have a lot of activity,
because it is going to continue to be a disruptor in the insurance
marketplace.”
Other people that appear in this episode:
Anthony Campisi, president and chief executive officer, Glatfelter
Insurance Group;
Marc Willner, executive vice president, Ironshore;
Heidi Strommen, president, ProHost USA Inc.; and
David Brown, senior vice president, insurance brokerage, Munich
Reinsurance Company.
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