More than $5 billion in business written at 89th annual AAMGA meeting

Association introduces its inaugural specialty programs track

Current estimates are that more than $5 billion in insurance premium was written during the course of the American Association of Managing General Agents’ (AAMGA) 89th Annual Meeting in Maryland between May 17 to May 20. In addition to welcoming 1,120 attendees, the meeting also introduced AAMGA’s inaugural specialty programs track. AAMGA leadership also welcomed a number of newly installed members and prospective members from across the U.S. and Canada, including many of the premier Canadian managing general agents (MGAs) from the provinces of Manitoba, the Maritimes, British Columbia, Ontario and Quebec.

“This was an incredibly successful and productive annual meeting,” explained AAMGA’s new president, Roger Ware of Genesee General in Alpharetta, Ga. “Our members were fortunate to gain a first-hand, global insurance market perspective from our Annual Business Meeting speaker, Chairman John Nelson of Lloyd’s. In addition to Chairman Nelson, we discussed a number of the emerging issues in the industry that our Emerging Issues & Trends Committee continues to monitor as well as welcoming our specialty program members to a number of dedicated break-out sessions focused on their needs. The debate on current political issues between Karl Rove and David Axelrod also gave our members an insight behind the scenes of how our current and prospective leaders are looking at the challenges and opportunities that lie ahead.”

According to AAMGA Executive Director Bernd G. Heinze, attendance surpassed expectations with additional walk-ins showing up to take part in the meeting.

“I could point to our packed Agents & Brokers Lounge or our need to bring in additional seating and tables to demonstrate the sheer volume of interest in this year’s Annual Meeting,” noted Heinze. “However, I think the ability of all our members to have access to the entire wholesale and program insurance market, and to network and conduct business with global leaders in our industry, resulting in more than $5 billion in business being written in just four days speaks for itself.”

Brian Molusis, president of Vital Insurance Partners in Glastonbury, CT, who attended the Annual Meeting last week for the first time in nearly 8 years said he was impressed.

“Eight years ago, AAMGA wasn’t catering to the specialty program marketplace. But there has been a sea-change in the association in the last two years to better adapt to the insurance market as a whole,” explained Molusis. “And because there isn’t another not-for-profit out there focusing on the needs of the specialty program market, this is a very welcome change.”

In particular, Molusis pointed to commitments from insurance carriers and other program professionals who attended the 89th Annual Meeting as a sign of good things to come.

“By next year’s [Annual Meeting], this will be one of the biggest specialty program conferences in the program space,” said Molusis.

The AAMGA’s Under Forty Organization comprised of young emerging professionals also welcomed a record number of its members to the Annual Meeting and raised more than $12,000 at the meeting to benefit the Make-A-Wish Foundation of the Mid-Atlantic.

AAMGA will host its 90th Annual Meeting on May 22, 2016 at the J.W. Marriott Desert Ridge Resort in Scottsdale, Ariz.

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