ConnectUW Holdings, the parent company of Connect Underwriting and other specialist reinsurance MGAs, has announced it will take ownership of Lloyd’s box number 356, located in the company market section on Gallery 3, starting December 23, 2024.
The company noted that the new Lloyd’s presence will allow ConnectUW to offer facultative reinsurance cover for global property, energy, and war and terrorism risks on an excess-of-loss basis.
Brokers are also set to gain access to a wider array of specialist reinsurance products available through the group’s MGAs.
Jamil Elbahou (pictured above), CEO and CUO of ConnectUW, stated that having underwriters available at Lloyd’s will enhance accessibility for Lloyd’s brokers.
“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,” Elbahou said.
Earlier this year, Connect Underwriting, a managing general agent under ConnectUW Holdings, launched BRICS UW, a reinsurance MGA focused on emerging markets. The MGA provides capacity to these markets and facilitates access for international reinsurers entering the London market.
BRICS offers quota share reinsurance for traditional lines such as property and engineering and collaborates with international markets based in London for cross-border distribution.
The MGA’s framework emphasises streamlined dispute resolution and accessibility for London and global reinsurance brokers.
The new MGA operates using a shared resources model, leveraging support from other units within Connect Group, including Stability Risk and GBN Risk Solutions. This setup enables BRICS to utilise the group’s collective expertise in underwriting and risk management.
“As the world’s geopolitical focus shifts dramatically to the east, now is the opportune time to bridge the gap between east and west,” Elbahou said. “BRICS is a diverse and versatile underwriting business that will give quality emerging reinsurance markets the ability to grow on the international stage and act as a much-needed interface between London and international brokers and markets.”
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