Connect Underwriting to launch reinsurance MGA BRICS

Connect Underwriting Limited has announced the launch of reinsurance MGA BRICS UW, which will reportedly provide capacity to emerging markets.

“It will also act as a hub for international markets, enabling reputable emerging market reinsurers that do not have a presence in London to access London distribution and business rarely seen in their local territories,” Connect explained.

According to the firm, BRICS will initially offer quota share property, engineering and other traditional lines of business. It will additionally look to partner with internationally focused London markets to create cross-border distribution opportunities.

Ahsan Abdul Majid, chief commercial officer for ConnectUW Holdings, has been appointed as head of BRICS. The reinsurance MGA’s launch is subject to regulatory approval.

Jamil Elbahou, CEO and CUO of Connect Underwriting commented on the news, “As the world’s geopolitical focus shifts dramatically to the east, now is the opportune time to bridge the gap between east and west.

“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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