Connect UW launches Stability Risk MGA to focus on casualty and cyber lines
Specialist reinsurance MGA Connect Underwriting has launched a new London-based MGA to underwrite contingency, casualty, cyber and financial lines on a global basis.
The newly formed Stability Risk UW Limited has been created to enable Connect to maintain its focus on its core areas of property, energy and political violence.
Last December, Connect launched Pixel Re, a dedicated monoline reinsurance vehicle for global property and downstream energy risks with attachments of $500mn and above.
Stability Risk will be backed by Lloyd’s and London market capacity and will be regulated by the Financial Conduct Authority.
Jamil Elbahou, Connect UW’s 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.”