This follows the launch in September 2023 of Stability Risk, a London-based MGA created to allow Connect Underwriting Limited to focus on its core business lines of excess of loss, property, energy and war & terrorism.
Stability Re will provide binder capacity to Stability Risk and underwrite specialty and casualty lines such as directors & officers liability, public & product liability, professional indemnity, contingency and cyber.
Jamil Elbahou, Connect Group CEO and CUO said: “I am thrilled to announce the launch of Stability Re. Alongside existing capacities within the Lloyd’s and London Market, Stability Re will make additional capacity available to Stability Risk and also potentially other partner MGAs.”