A person responsible for administering or managing an activity (especially a sale) on behalf of another; (Insurance) a manager of an underwriting syndicate at Lloyd's.
Origin
1960s; earliest use found in The New York Times.
Definition of managing agent in US English:
managing agent
noun
A person responsible for administering or managing an activity (especially a sale) on behalf of another; (Insurance) a manager of an underwriting syndicate at Lloyd's.