Insurance Journal  Jul 24  Comment 
DUAL, the underwriting arm of the Hyperion Insurance Group, announced it has acquired Oliva Underwriting, the UK-based MGA specializing in property & casualty, contractor trades and marine insurance. The acquisition forms a core part of...
Market Intelligence Center  Jul 23  Comment 
MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Magna International Inc. (MGA). Look at the Sep. '15 $52.50 covered call for a net debit in the $51.10 area. This trade has a...
New York Times  Jul 16  Comment 
The deal for Getrag Group will bolster Magna’s powertrain and transmission business and increase its growth potential in the Chinese market.
Insurance Journal  Jul 1  Comment 
UK-based Castel Underwriting Agencies, the club-style MGA formation platform, has appointed James Nugent as its first chief underwriting officer. He joins Castel from Amlin where he was head of underwriting performance and responsible for...
Insurance Journal  Jun 26  Comment 
MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, has expanded its Private Client Solutions (PCS) E&S division with new hires in its Fort Lauderdale, Fla., office. Jordan Ballou will serve as an...
Insurance Journal  Jun 24  Comment 
Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets. The new underwriting cell will be focused on the emerging markets...
Insurance Journal  Jun 19  Comment 
MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has expanded its Private Client Solutions (PCS) division with three new hires. According to Daniela Finch, MarketScout’s National managing...
Automotive World  Jun 18  Comment 
It pays to be smart, and that is exactly what Magna International has been recognized for by Ford Motor Company. Magna received a Ford World Excellence Award in the Smart category. The award recognized Magna’s leadership and excellence in...


Magna International Inc. is a leading component manufacturer, supplier of all wheel drive systems, and vehicle assembler. The company is one of the largest North American suppliers of original equipment components, assemblies, modules and systems, and related tools for cars and light trucks. The company is also a global supplier of technologically advanced automotive components, systems and modules. The company designs, engineers and manufactures a range of exterior, interior and powertrain systems. Magna also provides vehicle design, engineering, assembly and program management services to its customers. The company's operations are conducted through its global automotive systems groups. The company operates through three segments: North America, Europe, and Rest of World (consisting of primarily South America an Asia). DaimlerChrysler, Ford, and General Motors are the major customers of the company, collectively accounting for around 70% of Magna's revenue.

Magna enjoys a strong competitive position in the industry as it is one of the few providers of a complete range of interior and exterior auto systems to global auto companies. Increasing content per vehicle (CPV) is the main driver of Magna's growth. CPVs in both North America and Europe have been increasing over time.

The company is a major provider of interior and exterior systems to automotive companies. Some of the prominent new product launches driving CPV growth include Chevy Equinox, Chevy Cobalt, SAAB 9-3 and BMW X3. The key platforms boosting CPV growth rate in North America are Chrysler minivans, Chrysler Pacifica, Chrysler 300, 300c, and Ford F-150. Simultaneously in Europe, the Mercedes B class, Honda Civic, BMW01 series, and Land Rover discovery are supporting CPV growth. Recently, Magna agreed to develop and produce the MINI sports activity vehicle for the BMW Group. With this, the company expects its annual sales to be more than $1 billion. Magna also has a strong balance sheet with cash and cash equivalents amounting to $1.7 billion.

The company has strong relationships with GM, Ford, and DaimlerChrysler. It has been recognized as an important supplier by all these automakers. Additionally, the bankruptcy filing by the component supplier Delphi Corporation has provided Magna with various business opportunities. Moreover, MGA has been awarded the transfer case business by Nissan. These trends make us believe that MGA will gain new businesses in the coming quarters. Further, GM has launched new full-size SUVs that will further strengthen demand for MGA's product line.


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