2024 Market Outlook


17/01/2024 | In-person at The Old Library, Lloyd's of London, 1 Lime Street, EC3M 7HA

MGAA Gold Sponsor, AXA UK is hosting an in-person Market Briefing focused on the 2024 Market Outlook, covering important trends, risks, and opportunities for MGAs. The briefing will address key challenges such as the economy and changing risk requirements, as well as capacity provision.

11:30: Registration (Tea/Coffee)
12pm- 1pm: Presentation
1pm – 2pm: Lunch

Learning Objectives

At the end of this session, delegates will be able to:

  • Outline the primary challenges facing the MGA sector in 2024.
  • Explain the opportunities and challenges at the product level for 2024.
  • Outline how to maximise underwriting return and discipline for a fruitful 2024.
  • Explain how to work closer with their Capacity to create schemes that fulfil changing customer needs.
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About the Presenters

Gary Head, Director of AXA Schemes and Delegated Authorities and Director of AXA Financial Lines

AXA Commercial’s Director of Schemes & Delegated Authorities and Financial Lines since January 2020. His teams operate across the Motor, Property & Casualty and Specialty Lines areas of the market to support innovative partners in developing products which are “tailor made” to meet the needs of particular customer groups. Gary has an Honours degree in Physics from Nottingham University and is ACII qualified.

Prior to joining AXA Gary was a Director at Hiscox and a broker in the London Market at various broking houses, including Windsor, Bain Hogg and Aon. Gary also sits on one of the market Committees with the MGA Association representing insurers views.

Joel Markham, Head of Sales & Marketing DA, AXA Schemes

Joel is Head of Sales and Marketing for AXA’s Schemes and Delegated Authority business. This involves managing scheme relationships, and new deals implementation. Joel is passionate about enabling profitable schemes grow, pushing into niche areas and working with like-minded scheme holders.

Jennifer Martin, Chief Underwriting Officer, Pen Underwriting

A high-profile leader with over 35 years’ experience, Jennifer joined Pen in 2015 to lead their Financial Lines Division. Under Jen’s leadership, new product lines, like Cyber, were added, and she strengthened underwriting performance across the board. In 2020, Jen took on the role of CUO, whereby she is now responsible for Capacity Management, Technical Underwriting, Risk and Governance, Claims and Insight & Pricing functions across Pen.

Lee Scott, Director of Commercial Schemes Division, Howden Insurance

With over 38 years in the insurance industry, Lee started his journey at Norwich Union for 12 years before moving into the Broking World. He has covered active roles including Sales, Operations and Underwriting and been involved in the Schemes and Speciality market both as Underwriter and broker for over 25 years. Lee started his broking life at Hanover Park and after mergers, acquisitions and sales – Erinaceous, Barbon, Lark, Aston Lark – is now a successful Director of Howden, working in the Howden UK and Ireland business in the Corporate and Commercial pillar. Responsibilities include creating and managing the Schemes Division focussed on serving various industries and professions.