Specialist reinsurance MGA Connect Underwriting Limited has announced the availability of new capacity through Pixel Re, a newly launched, dedicated monoline reinsurance vehicle for global property and downstream energy risks.
Effective immediately, Pixel Re will provide facultative reinsurance for large multinational risks on an excess of loss basis with Lloyd’s and London market-sourced capacity, Connect Underwriting said.
Pixel Re is for attachment points of typically $500 million and above, and aims to answer growing demand for high-quality capacity for larger line sizes as inflationary pressures affect insureds’ assets.
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“We are excited to announce the addition of Pixel Re, which provides new capacity for property and downstream energy risks,” said Jamil Elbahou, CEO and chief underwriting officer of Connect Underwriting. “This is available immediately to select distribution partners that have a regular requirement for these attachment levels globally. Pixel Re is very much part of our commitment to leverage our expertise to bring more to the market and to fulfill the need for additional high-quality capacity in what is fast becoming an underserved area of the market.”
Founded in 2017, Connect Underwriting is a London-based managing general agent and Lloyd’s coverholder with operations in the UK and Europe.
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