A managing general agent (MGA) or a managing general underwriter (MGU) is a specialized type of insurance agent or broker that has been granted underwriting authority by an insurer, according to the International Risk Management Institute (IRMI), and can administer programs and negotiate contracts for an insurer.

What does a managing general underwriter do?

Managing general underwriter (MGU) or managing general agent (MGA) is legally a professional or a business entity delegated by an employer or insurance carrier to obtain or negotiate insurance contracts on behalf of them. They are often legally authorized to countersign and navigate the insurance process.

What is general underwriter?

An MGU is a specialized insurance agent or broker who works with an insurer. MGUs use their expertise to work as underwriters for professional liability insurance and surplus lines of insurance.