Conning: MGA market grew 27% in 2022 with all-in US business reaching $85.5bn of premium

The US MGA sector did not see the slowdown in growth predicted in some quarters last year, with direct premiums written for the account of US insurance companies rising 27 percent, outpacing growth in the wider P&C market of 10.5 percent, while top line in the overall programs sector was $85.5bn in 2022, according to data from Conning.