The UK’s Managing General Agents’ Association (MGAA), has announced a much needed initiative to find and promote “young talent” in the insurance industry. It’s specifically aimed at recognizing and developing young talent in the MGA sector.
The MGAA said its “Learning and Development Initiative has also been designed to enhance the skills of future leaders in the MGA sector. Through a series of targeted learning programs, the MGAA aims to contribute to the professional education and development of talent within its member companies, offering an environment to encourage new and innovative ideas through knowledge and understanding.”
The initiative’s first program took place this week “in partnership with the Lloyd’s Global Development Centre.” 24 individuals, all of them under the age of 35, from the Association’s membership organizations took part in a day-long program “specifically developed to enable participants to gain a better understanding of the Lloyd’s insurance market.”
In addition to a series of seminars, the 24 individuals were given a tour of the Lloyd’s building and a lunch hosted by Lloyd’s CEO Inga Beale.
MGAA Managing Director Peter Staddon commented: “The development and nurturing of talent plays an important part of the success of our sector. Supporting future leaders makes business sense, not just in terms of succession planning, but also in ensuring MGAs offer employees a clear progression path that enables them to reach their full potential. These factors are also of key when it comes to attracting new talent to our growing sector.
“We are delighted to be partnering with Lloyd’s on our first program,” he continued. “They are at the forefront of promoting and fostering young talent in our industry.”
Keith Stern, Regional Manager, UK & Ireland from Lloyd’s said: “Working with the MGAA to deliver this program is directly aligned to our aim to educate about the key role that Lloyd’s plays in the global insurance and reinsurance sectors. MGAs and Lloyd’s are both recognized for innovation and today has been an ideal opportunity to showcase the expertise and innovative thinking to be found in the market.”
Source: Managing General Agents’ Association (MGAA)
Topics Talent Excess Surplus Training Development Insurance Wholesale Lloyd's Human Resources
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