In this episode of MGAA Conversations, Mike Keating is joined by Rachel Turk for an insightful discussion on the evolving Lloyd’s of London market and its growing appeal to MGAs and cover holders. Together, they explore why Lloyd’s has become increasingly attractive to MGAs, how efficiency improvements are narrowing the gap with the company market, and why delegated authority is emerging as a key growth engine. The conversation also covers market cycle expectations, portfolio solutions, claims inflation and its impact on profitability, regulatory reform in the UK, and the realities of digital transformation through Blueprint Two. Rachel additionally shares candid insights into why claims are a strategic lever for profitability, why portfolio solutions represent a long-term structural shift rather than a passing trend, and what success for Lloyd’s could look like by 2026.