Application Form for Managing General Agents
29 May 2020
The Commission is pleased to announce the launch of a new application form for Managing General Agents (MGAs) to make it simpler for them to apply for a Guernsey licence. Although the MGAs fall within the insurance manager licensing framework the Commission wished to ensure that Managing General Agents interested in coming to the Bailiwick understood how best to apply for the relevant Bailiwick permissions required, something it believes may be helpful for both those considering establishing themselves as MGAs and established businesses considering redomiciling.
Emma Bailey, director of Authorisations and Innovation Division, said “The Commission has worked with industry to develop an appropriate form to facilitate the application process for this part of the market.”
William Mason, Director General commented, “Through the launch of this new application procedure, the Commission is pleased to make clear that it welcomes applications from good quality MGAs who wish to take advantage of the Bailiwick’s business friendly culture and independently assessed adherence to international Insurance Core Principles”
Information for applicants, including a link to the new application form, can be found here.