Connect Underwriting has launched reinsurance MGA, BRICS UW, which will provide capacity to emerging markets.
Initially offering quota-share property, engineering and other traditional lines of business, BRICS will additionally look to partner with internationally-focused London markets to create cross-border distribution opportunities.
The company says BRICS further aims to offer London and international reinsurance brokers the comfort and expertise of a jurisdictional framework that is straightforward, accessible and swift in terms of a dispute resolution.
Ahsan Abdul Majid, chief commercial officer at ConnectUW, is appointed as head of the new MGA. BRICS will operate under a shared resources model, with various units within the Connect Group supporting Abdul Majid, leveraging the underwriting capabilities of ConnectUW, Stability Risk, and GBN Risk Solutions.
Jamil Elbahou, CEO and chief underwriting officer of Connect Underwriting, comments: “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.”
