Connect Underwriting launches Pixel Re for property & energy XoL
MGA and Lloyd’s coverholder Connect Underwriting has launched reinsurance vehicle Pixel Re for excess of loss facultative reinsurance in property and energy lines.
Pixel Re will launch immediately, offering facultative reinsurance for large multinational risks on an excess-of-loss basis with attachment points “typically $500 million and above.”
“Pixel Re aims to meet growing demand for high quality capacity for larger line sizes, driven by inflationary pressures on insureds’ assets,” Connect Underwriting said in its announcement.
Connect Underwriting’s CEO and chief underwriting officer Jamil Elbahou commented: “We are excited to announce the addition of Pixel Re, which provides new capacity for property and downstream energy risks. 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 fulfil the need for additional high-quality capacity in what is fast becoming an underserved area of the market.
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