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Specialist reinsurance MGA Connect Underwriting Ltd. said Monday it has launched Pixel Re, a dedicated monoline reinsurance vehicle providing new capacity for global property and downstream energy risks.
Pixel Re will provide facultative reinsurance coverage on an excess-of-loss basis for large multinational risks that attach typically at $500 million and above, effective immediately.
With exclusive Lloyd’s and London market-sourced capacity, Pixel Re will fulfill the need for additional high-quality capacity for larger line sizes, driven by inflationary pressures on policyholder assets, according to a statement.