TAG Financial Institutions Group Announces Steven Nigro as Panelist at A.M. Best Delegated Underwriting Authority Enterprise (DUAE) Forum

TAG Financial Institutions Group is pleased to announce that Steven Nigro, Managing Partner, participated as a featured panelist at the A.M. Best Delegated Underwriting Authority Enterprise (DUAE) Forum, moderated by Greg Williams, Managing Director at A.M. Best. The panel convened senior leaders from the MGA, fronting, and reinsurance markets to discuss the evolution of delegated underwriting and the strategic outlook for the sector.

During the session, Mr. Nigro shared TAG’s perspective on the current M&A environment in the MGA and program markets, noting that while transaction volume moderated in 2024, market appetite remains strong for high-quality platforms with durable underwriting performance, data transparency, and scalable operating models. He highlighted continued consolidation driven by private capital, carrier interest in delegated authority capabilities, and the growing importance of disciplined governance and technology enablement.
 
Mr. Nigro also addressed the opportunities created by the accelerating modularization of the insurance value chain, stating:

“The modularization of the insurance value chain is creating enormous opportunity for its participants. Data is available, technology is affordable, and turn-key infrastructure accessible. This along with the continued emergence of Fronting companies and collateralized reinsurance are allowing MGAs to plug into capacity, data, distribution, and technology in a way that lets them scale faster and focus entirely on what they do best: underwriting specialization.”

He emphasized that these structural shifts are reshaping how capacity and distribution are assembled, increasing speed to market and supporting the next phase of MGA innovation and scalability. “We appreciate A.M. Best convening such a timely discussion and are proud to contribute TAG’s viewpoint to the broader DUAE dialogue,” said Mr. Nigro. “The delegated authority market continues to mature rapidly, and the next phase will reward underwriting discipline, operational rigor, and technology-enabled transparency.”
 
TAG Financial Institutions Group remains committed to advising carriers, MGAs, fronting companies, and capital partners on strategic growth, capital deployment, and M&A execution across the specialty insurance ecosystem.
 
About TAG Financial Institutions Group

TAG Financial Institutions Group is an advisory firm focused on the Insurance Industry including specialty insurance, MGA/program, and reinsurance markets. TAG provides strategic, capital, and transaction advisory services to insurers, MGAs, fronting companies, and investors seeking to build or expand differentiated platforms in delegated underwriting and specialty risk.