华利安：2026年第二季度MGA市场更新报告：专业领域备受关注：驾驭二元分化市场（英文版）（26页）.pdf

1、Q2 2026MGA Market UpdateSpecialty in the Spotlight:Navigating a Bifurcated Market2Houlihan Lokey is pleased to present its MGA Market Update for Q2 2026Specialty in the Spotlight:Navigating a Bifurcated Market.The past year delivered a mix of new tailwinds,headwinds,and opportunities alike for the m

2、anaging general agent(MGA)sector.As we continue in 2026,MGAs remain well positioned for growth in an increasingly complex environment.While the publicly traded insurance brokers have experienced valuation multiple compression,high-quality MGA platforms remain sought after by investors.The resulting

3、supply/demand imbalance for these premier assets is expected to keep valuations elevated for quality platforms.With this update,we discuss key sector trends and share the latest public developments and private transactions along with valuation themes shaping the MGA and broader insurance distributio

4、n landscapes.Particularly amid a choppy geopolitical,regulatory,and P&C rate environment,we remain optimistic about the near-and long-term prospects for insurance distribution playersand,more specifically,MGAsas we will highlight in the following report.Demand for insurance assets remains robust,wit

5、h M&A and financing activity sustaining healthy momentum despite recent valuation multiple deterioration among publicly traded players.Notably,we have observed an ongoing focus on specialized offerings and enhanced tech and AI capabilities as brokers and investors alike seek to keep pace and seize o

6、n new market opportunities.Our firm has been advising the sector for nearly three decades and welcomes the opportunity to discuss anything in the following report or otherwise,including recent transactions,emerging opportunities,and broader perspectives on the MGA and insurance brokerage ecosystems.