The Connect Group has introduced Stability Re, a specialty reinsurer designed to provide additional binder capacity to Stability Risk and other managing general agents (MGAs). This new entity will focus on underwriting specialty and casualty lines, including directors and officers (D&O) liability, public and product liability, professional indemnity, contingency, and cyber insurance.
Strategic Goals
Stability Re aims to complement existing capacities within the Lloyd’s and London Market, enhancing the group’s ability to offer robust insurance solutions. This move aligns with Connect Group’s strategic vision of expanding its underwriting capabilities and addressing the growing demand for specialized insurance products.
Recent Developments
This launch follows the establishment of Stability Risk, a London-based MGA launched in September 2023. Stability Risk focuses on excess of loss, property, energy, and political violence, leveraging advanced technology for digital distribution and underwriting efficiency.
Future Implications
With the launch of Stability Re, Connect Group is positioned to strengthen its market presence and offer comprehensive insurance solutions across various sectors. This initiative marks a significant step in the group’s ongoing efforts to innovate and expand within the insurance industry.