Maestro Specialty
The Paramount
In Insurance Consulting
Maestro Specialty
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Discover what Maestro Specialty can do for you
Maestro Specialty Corporation (MSC) has identified a specialized insurance industry market opportunity that is currently being under-served by its large competitors. As a result, MSC is a specialized insurance program placement broker and design consultant. MSC brings decades of experience and expertise to the table to assist in the construction of the best insurance programs possible.
In partnership with successful Managing General Agencies (MGAs), or by working with talented underwriting entrepreneurs who wish to create their own MGA, MSC will assist in finding new program insurance carrier partners. MSC will also assist in the placement of any reinsurance on the specific program as required, and in new product development and/or geographical expansion.
The Primary MGA Conundrum:
An MGA, typically owned by one principal, continually faces operational disruptions from turnover in his program insurance company partners given the short-term cancellation provisions (usually 90 to 180 days) found in most MGA Agreements. Cancellation rationale can include the cyclical nature of profitability in the insurance industry, plus fundamental shifts in an insurance company's: 1) underwriting appetite; 2) ownership or statutory surplus; 3) philosophy on programs; and/or 4) program oversight personnel. This threat of cancellation, plus restrictive operating terms in his existing MGA Agreement, often requires the MGA principal to spend a disproportionate amount of time searching for new partners.
The Solution:
Develop New and Lasting Business Partnerships Using MSC
MGAs would welcome the opportunity to "control their own destiny” by developing as many program insurance company relationships as possible. This would help reduce the risk of potential contract cancellations with their current partners and expand on their current product offerings. MGAs may also want to develop relationships with reinsurance companies which may be transportable to other issuing carriers. Based on its decades of insurance industry knowledge and relationships, MSC is a boutique market specialist poised to provide this invaluable service to MGAs.
Creative Insurance Architecture
Solid framework laid by key attributes is the reason for our success.
Expertise
Developing, implementing, and monitoring property & casualty insurance programs.
Experience
Over 60 program carrier relationships.
Forecasting
Partners with program managers to keep all interests aligned and focused on profitability and success.
Negotiation
Experts at program manager agreements with carrier(s) & profit sharing agreements with carrier(s).
Dependability
Arranges and hosts all insurance and reinsurance audits.
Scalability
Continuously strives for existing program expansion or any new program development.
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