Excella chooses MGAM for the ultimate Coverholder Management, Bordereau and IBA System
London, UK – MGAM Limited (MGAM) has been chosen by Excella, the Dublin based pan European MGA to provide the full suite of its Coverholder Management platform to ensure its customers have the best IT administration ecosystem for the provision of its specialist insurance services.
Excella, joins over 25 leading UK coverholders and 200 retail brokers who have chosen MGAM as their MGA partner. The Coverholder Management, Bordereau and IBA system is recognised as market leading and compliments the bespoke quote and bind administration services that incorporate a number of unique features such as a “white labelling” option, a uniform risk rating solution, a “quick quote” option and all with a high degree of automation designed to minimise operational costs and to maximise margins for coverholders and brokers. Additional features include the option of a paper free policy for documentation and a sophisticated storage and retrieval system for ease of access and to simplify search criteria for claims, and working with renewals.
Commenting today, Jason Anthony, CEO of MGAM Limited, said: “We are delighted to be working with Excella. They join a growing number of companies who are seeking to maximise the returns they make by using our sophisticated IT platform which incorporates the many years of experience we have of working in the insurance industry with the intelligent application of the very latest software to improve the levels of service they can deliver to their clients.”
Patrick Carr MD of Excella Added: “We chose MGAM because they have a proven track record and their processes and systems are of a high standard. We look forward to building a long and successful collaboration with them as we grow our business and to enjoy their ongoing support in the years ahead and this will be the first of many collaborations with MGAM on our journey.”
MGAM is a London based independent underwriting agency providing outsourced underwriting services to a growing number of coverholders within the Insurance market. It provides value to these customers by using the most sophisticated integrated IT systems and software coupled with its detailed knowledge of the insurance market to improve operational and management efficiencies.
MGAM Limited is an appointed representative of Ambant Underwriting Services Limited.
Excella is a European Managing General Agent created in 2017. The company is domiciled & regulated in Ireland and passport into relevant territories. It’s experienced team cover management of insurance companies, business development, underwriting & claims. The company has leveraged existing contacts with both independent brokers & broker networks throughout Europe. It also provides underwriting with online & offline capability with connections to third party service providers throughout Europe.
MGAM Limited is a registered company in England with company no. 09742763. MGAM Limited registered office is: Craven House, 16 Northumberland Avenue, London. WC2N 5AP. United Kingdom.
MGAM Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 835270 to carry out insurance distribution activities.
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