January 14, 2021
Convex Group Ltd. has secured $500 million in committed preferred equity capital from affiliates of Sixth Street, a leading global investment firm. The investment follows Convex’s recent $1 billion capital raise from a consortium led by Onex and GIC, in …
November 25, 2020
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech firms are expected to offer insurance, helped by the …
November 17, 2020
Specialty insurer and reinsurer Convex Group Ltd. announced it has secured commitments for an additional $1.0 billion of equity capital, subject to the requisite regulatory approvals. Bermuda-based Convex launched in April 2019 with $1.7 billion of initial committed capital. This …
September 18, 2020
Convex Group Ltd., the specialty insurer and reinsurer, announce that Matt Paskin has been appointed as CEO of Convex Re Ltd. (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Ltd. (London). These appointments are subject …
July 8, 2020
Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums โ tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines. New insurance ventures sprang …
October 3, 2019
Convex Group, the Bermuda-based international specialty insurer and reinsurer, announces that its UK insurance subsidiary, Convex Insurance UK Ltd., has been added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers with effect from Oct. 1, …
September 10, 2019
Although the insurance market is awash with capacity and competition, two new specialty companiesโa re/insurer and a brokerโformed earlier this year, aiming to create something new and different for their clients. First, well-known industry veterans Stephen Catlin and Paul Brand, …
April 30, 2019
Insurance industry veterans Stephen Catlin and Paul Brand announced they have launched an international specialty insurer and reinsurer, Convex Group Ltd. Convex launches with $1.8 billion of initial committed capital and will draw down $1.6 billion to commence business; it …