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In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance contracts".
State-Wide Insurance Company primarily writes private passenger automobile insurance in the state of New York. In June 2008, The Commerce Group, Inc. was acquired by Mapfre S.A. Mapfre, based in Madrid, was founded in 1933 as a landowners' co-operative; it is now a public company and the largest insurance group in Latin America with a presence ...
Mapfre, S.A. (Spanish pronunciation:, officially typeset MAPFRE) is a Spanish multinational insurance company, based in Majadahonda, Madrid.The name comes from the old mutual origin of the company (Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España), but the company now only refers to itself as Mapfre.
The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary. [7] [8] [9] General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets.
MGA vs. GNTX: Which Stock Is the Better Value Option?
National General Insurance, formerly the GMAC Insurance Group is a Winston-Salem, North Carolina–based property and casualty insurance company. The company was founded in 1920. The company is the only insurance company in the United States to originate within the automotive industry.
It marketed its commercial insurance through managing general agents, using “GAINSCO” and the block super-scribed letters “GA” as its primary logo identifiers. These letters were derived from the abbreviated version of the name of the company's primary insurance subsidiary at that time, G eneral A gents Ins urance Co mpany of America, Inc.
BGL Group (formerly Budget Group Limited) is a financial services company based in Orton Southgate, Peterborough, England.Its main lines of business are vehicle and home insurance, with a range of supplementary products such as breakdown cover, legal protection and personal accident cover.