Reinsurance MGA launches Pixel Re

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.