ConnectUW Holdings, the parent company of several specialist reinsurance managing general agents including namesake Connect Underwriting, said it will take ownership of a Lloyd’s box number 356 from 23rd December 2024.
It will initially offer facultative reinsurance cover for worldwide property, energy and war and terrorism risks on an excess of loss basis.
Brokers will also be able to access a range of specialist reinsurance products offered by the group’s other MGAs.
I am delighted to announce that our underwriters will soon be available at Lloyd’s, providing further easy access for Lloyd’s brokers. This is a natural step in our evolution and we look forward to continuing to grow our presence in the years to come
Jamil Elbahou, chief executive officer and chief underwriting officer at ConnectUW
Connect Underwriting said in September it launched MGA BRICS UW to provide capacity in emerging markets, according to a statement.
The reinsurance-focused MGA will act as a hub for international markets that enables reputable emerging market reinsurers without a London presence to access its distribution and business rarely seen in their local territories.
We are a London based managing general agent “MGA”, regulated by the FCA and accredited as a Lloyd’s Coverholder, underwriting on behalf of Lloyd’s and other first class securities. We underwrite a Worldwide book of Property, Energy, War & Terrorism business on a FAC XOL basis.
The new reinsurer will provide binder capacity to managing general agency Stability Risk and underwrite specialty and casualty lines such as directors and officers liability, public and product liability, professional indemnity, contingency and cyber, Connect said in a statement.
