The Managing General Agents’ Association has named Padda Consulting as its new UK compliance and regulatory partner with the collaboration officially starting on 1st September. Padda will offer MGAA members support to ensure they remain informed and well positioned to navigate regulatory change.

Padda Consulting was set up 14 years ago and provides compliance and governance support to insurers, MGAs, brokers and Lloyd’s market participants. It will support both the MGAA at enterprise level as well as its individual members on a one-to-one basis.

Suneeta Padda, founding director of Padda Consulting, said: “Padda Consulting has worked across the insurance market for over 14 years and we have been involved with the MGAA since its early days, so this really does mean a lot to us. MGAs are such an important and entrepreneurial part of the market. We are looking forward to supporting members with clear, practical and commercial compliance advice that helps make regulation feel manageable.”

Mike Keating, CEO of the MGAA, added: “I’m pleased to announce this partnership with Suneeta and the Padda team. Together with our excellent relationship with the FCA, Padda and the MGAA will ensure that through consistent reviews, collaborative engagement and ongoing monitoring of the MGA regulatory environment, our members’ interests remain a key priority.”