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Andy Trundle is seeking business for Starr backed MGA

  • Publish Date: Posted about 7 years ago

Andy Trundle has established a managing general agent (MGA) with the backing of Starr and is currently looking to add capacity to the operation. The new MGA, called Morefar, has an initial 2.5% lead line pledged by Star but Trundle is looking for more business to commit to a 15% line. This is thought to be more than $300mn. The reason Trundle is looking to generate such a large line is because AIG have confirmed they will not follow its old employee. It is believed that if Trundle was to take a lead on a slip he would have to replace the capacity AIG would withdraw from any agreement. Trundle is looking to secure paper at or close to the bottom of the pricing cycle with evidence now emerging of modest rate increases on some of the larger airline accounts that have handed losses to the market.