MGAA hires new managing director as Staddon steps down

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As Peter Staddon is set to retire in August this year, a new managing director has been appointed, Staddon will continue to work on a part time basis until his successor begins

The Managing General Agents’ Association (MGAA) has appointment Mike Keating as its new managing director following the departure of Peter Staddon.

Keating replaces Staddon who is retiring this August, although Staddon will continue to work at the association on a part-time basis until his successor joins to ensure an orderly handover.

Previously Keating was chief development officer at Qlaims Limited, he will assume his new role on 8 September 2020.

He joins with nearly 30 years of experience in the insurance sector which includes various senior leadership roles for personal lines and commercial lines managing general agent businesses.

MGAA Mike Keating

Mike Keating

This includes UK General where he also worked as an MGAA board member.

He also worked at One Commercial (part of Primary Group) and is the former managing director of Intermediary and Partnerships at AXA Personal Lines.

Charles Manchester, chair of the MGAA, said: “Mike’s understanding of the operational challenges MGAs face in building and sustaining a business in today’s market will be of real benefit to our members.

“The speciality lines sector faces capacity challenges, a continual hardening of the rating environment and the impact of Covid-19.

Mike’s background in the insurer and broking management areas will be equally as important to us as we work to develop our capacity provider and broker relationships to create mutual opportunities for all parties.”

Key role

In his new role, Keating will be responsible for continuing the growth of the association’s membership and increasing engagement levels with insurers and brokers.

He will also focus on ensuring the needs of MGAs are understood and being met with a broader range of membership benefits to support their growth.

Keating said that he was delighted to be joining the association at a time when the industry looks to tackle the challenges which were prevalent before the Covid-19 crisis and those which have emerged over the last three months.

He added: “MGAs have a continuing key role to play in delivering underwriting value to capacity providers as well as offering relevant products to meet the needs of their distribution partners.

“The association will strive to ensure all the necessary support, engagement and tools are available for MGAs to meet these challenges both now and in the future.”