We’re delighted to announce that Tom Donachie, Managing Director First Underwriting, has won the Rising Star MGAA Award. He received the award at the awards ceremony held at the MGAA Annual Conference on 29th June 2022 and presented by Victoria Pendleton, CBE.
Tom is central to the success of First Underwriting and has been instrumental in delivering profitable and sustainable growth in the past 18 months. Despite the difficult market conditions impacted by the Covid pandemic, First Underwriting has delivered 40% GWP growth due to Tom’s strategy and leadership. He has provided a clear underwriting strategy, focused on optimising the portfolio and ensured we continue to deliver a market leading service to our brokers.
Furthermore, at the beginning of the year, we announced that First Underwriting had secured a 5-year capacity deal with Accredited Insurance Limited, which is a rare thing nowadays, and is indicative of the faith that Accredited have in First Underwriting future, under the commandment of Tom. This is a great achievement for the business, as it provides a stable platform for growth and provides security for brokers looking to work with a specialist MGA. This capacity deal, announced in Jan 2022, was big news in the trade media and elevated First Underwriting into being ‘the MGA to watch’ in 2022.
Winning the MGAA Rising Star award is recognition of what Tom has already achieved during his career in insurance but recognises the influence that he can have on the MGA market in the future. We are extremely proud of Tom, and the whole First Underwriting team, who work tirelessly to deliver a great selection of specialist products and outstanding service, to our broker partners.