As a result of changes taking place in program business, specialty program insurance providers participating in a recent survey predict that the program administrators and managing general agents (PA/MGA) market will grow in 2012.

“An overall theme that emerged was increased flexibility on the part of the insurance carriers with respect to the classes of business they are looking to write through the program market,” said John Trace, EVP of the dedicated facultative unit at Guy Carpenter & Company. 

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