Insurance Journal  10 hrs ago  Comment 
StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced a joint venture partnership with Malakite Underwriting Partners Ltd., a managing general agent in Dubai, subject to regulatory approval. Led by managing partner...
Insurance Journal  Jan 20  Comment 
Soft market conditions have replaced regulation and compliance as the main factor affecting growth for UK managing general agents (MGA) in 2017, said a survey of members of the London-based Managing General Agents’ Association (MGAA). The soft...
newratings.com  Jan 11  Comment 
OTTAWA (dpa-AFX) - Magna International Inc. (MG.TO, MGA) announced the company expects total sales of $36.0 - $37.7 billion for 2017. Total production sales are anticipated to be in the range of $30.4 - $31.7 billion for the year. The company...
Insurance Journal  Jan 3  Comment 
Hull & Co., a wholesale insurance subsidiary of giant Brown & Brown, has acquired the commercial managing general agency operations of Insurance House. Insurance House is an MGA and wholesale insurance broker offering commercial and personal lines...
TechCrunch  Dec 20  Comment 
 Global automaker supply leader Magna International is teaming up with LiDAR-maker Innoviz to help fill out its sensor fusion picture for self-driving vehicles, the companies announced Tuesday. The addition of Innoviz’s LiDAR sensor means...
Motley Fool  Dec 15  Comment 
A Magna subsidiary is the world's only high-quality contract auto manufacturer, and it thinks business may be about to boom.
Forbes  Nov 21  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 11/23/16, Magna International Inc. (NYSE: MGA) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 12/9/16. As a percentage of MGA's recent stock price of...


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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