Specialist reinsurance MGA, Connect Underwriting, has launched a new London-based MGA, Stability Risk UW.
Regulated by the UK Financial Conduct Authority, Stability Risk will be supported by Lloyd’s and London-market capacity and will initially write contingency, casualty, cyber and financial lines on a global basis.
The launch of a separate business for these classes was designed to enable Connect to maintain focus on its core specialist areas of property, energy and PV.
Jamil Elbahou, group CEO and CUO said: “There is huge potential across the markets Stability Risk will write and we will service that need by combining traditional high-quality underwriting with advanced technology to deliver the future of digital distribution in our chosen classes. Distribution will be via our existing international partners and the London broking community and we are genuinely excited to bring new business into the London market.”
The announcement follows Connect Group’s launch in December of Pixel Re, a dedicated monoline reinsurance vehicle for global property and downstream energy risks with attachments of typically US$500m and above.
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