Over 20 years of strong, reliable and well established relationships.

A family business that makes its tradition and distinctive values its guide into the future.

More than 20 years of presence in the London insurance and reinsurance markets has generated well-established relationships with Lloyd's leading Underwriters. This has enabled MAG specialists to receive 'Binding Authorities' by proxy, which allow the Coverholder to quote and issue policies directly - within agreed guidelines - without having to refer to the Underwriters.

These Binding Authorities apply to the main lines of business: Property, Personal Accident, Cargo, Yacht, Fine Art and Public Bodies.

Underwriting autonomy results in:

  • Agreed terms and conditions;
  • Agreed classifications and matrix programmes;
  • Formulations tailored to the client's needs;
  • Settlement authority (within agreed limits);
  • Issuance of monthly paid and underwritten bordereaux.

The advantages of such autonomies are:

  • Profit commission;
  • Efficiency of administration costs;
  • Lloyd's branded products;
  • National exclusivity for product lines;
  • Higher commission rates;
  • Flexibility: most sectors can be used to underwrite 100%, either as a share of a higher risk or as reinsurance of a local company.


  • Detailed level of portfolio information to be communicated to underwriters;
  • Portfolio analysis;
  • Claims history/claims-to-premium ratio;
  • Suggested underwritings;
  • Suggested proposal form;
  • Suggested rates.