The Managing General Agents' Association (MGAA) has entered into a new partnership with Sicsic Advisory to provide specialised regulatory and risk management support to its growing membership in the Republic of Ireland.
The move follows the MGAA’s continued expansion into the Irish market, where its membership has been steadily increasing.
Sicsic Advisory, a strategic consultancy already engaged with the MGAA as a UK supplier member, will now offer tailored regulatory services to MGAA members based in Ireland. This will include regular updates, quarterly publications, expert guidance, and participation in MGAA events.
As part of the collaboration, Sicsic Advisory will provide bi-monthly updates at MGAA compliance meetings, as well as a quarterly newsletter and regulatory calendar specific to the Irish market. Members will also have access to expert consultants for ad hoc regulatory queries.
This partnership is aimed at helping Irish-based MGAs manage their compliance and operational challenges more effectively, providing them with timely, region-specific insights and resources.
Michael Keating (pictured above), CEO of the MGAA, highlighted the growing importance of the Republic of Ireland to the association and emphasised Sicsic Advisory’s strong regulatory expertise and established presence in Dublin. Keating also noted that the partnership would strengthen support for MGAA members in the region.
Jerome Sebart, director of Sicsic Advisory Ireland, pointed out the significant role that MGAs play in the Irish insurance market, both for carriers and brokers. He expressed enthusiasm about the partnership, seeing it as an opportunity to assist a wide range of MGAs in staying informed about the latest regulatory developments in Ireland.
The MGAA’s partnership with Sicsic Advisory is part of a broader effort to expand its offerings to members across various regions. In addition to the new collaboration in Ireland, the MGAA has also been strengthening ties with other industry groups.
In February, the MGAA and the Association of British Insurers (ABI) signed a memorandum of understanding (MoU) to foster greater collaboration in key areas of the insurance sector.
The MoU establishes a framework for exchanging insights on issues such as retail and commercial insurance, regulatory changes, operational resilience, and technological advancements. Both organisations aim to use this collaboration to enhance sector-wide knowledge and improve the industry's ability to respond to challenges.
