The new managing general agent (MGA) will focus on offering quota share reinsurance across traditional lines. Credit: Vitalii Vodolazskyi/Shutterstock.

Connect Underwriting, a specialist reinsurance MGA, has formed BRICS UW, a new MGA designed to provide reinsurance capacity to emerging markets.  

The launch is part of the company’s strategy to serve as a gateway for international reinsurers seeking access to the London market.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It currently awaits regulatory approval. 

The new MGA will focus on offering quota share reinsurance across traditional lines such as property and engineering.  

It aims to provide London and global reinsurance brokers with a streamlined framework for dispute resolution, prioritising ease and accessibility.  

Additionally, BRICS plans to collaborate with London-based international markets for cross-border distribution. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

ConnectUW Holdings chief commercial officer Ahsan Abdul Majid will lead BRICS UW.  

With more than two decades of experience in emerging markets, Majid brings expertise in managing emerging risks.  

He joined ConnectUW Holdings in 2023, following his tenure as executive vice-president at Gallagher. 

BRICS UW will operate using a shared resources model, drawing support from various units within the Connect Group, including Connect Underwriting, Stability Risk and GBN Risk Solutions.  

This collaborative approach is expected to enable the MGA to utilise the group’s collective underwriting expertise. 

Connect Underwriting CEO and chief underwriting officer Jamil Elbahou said: “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.” 

In September 2023, Connect Underwriting set up the MGA Stability Risk UW, focusing on underwriting contingency, casualty, cyber and financial classes worldwide.  

This move was in line with the company’s strategy to concentrate on key specialist sections such as property, energy and political violence. 

Furthermore, in December 2022, Connect Underwriting launched Pixel Re, a monoline reinsurance vehicle targeting property and downstream energy risks globally.  

Pixel Re offers reinsurance for global risks on an excess-of-loss basis, dealing with attachment points starting at around $500m (£381.9m).