Convex
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The executive underwriter for casualty treaty has worked for Zurich, QBE and Barbican in a long career. -
The unit led by Dan Kumpf will offer miscellaneous professional liability cover.
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The loss comes as rate rises decelerate in the class after several years of compound rate rises.
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The Stephen Catlin-led carrier is continuing to build its team as premium income expands.
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The appointment comes after head of marine property and war Richard Tomlin exited the carrier in March.
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Plus the lowdown on the potential Howden-TigerRisk tie-up and all the top news of the week.
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The carrier also improved its combined ratio by 55 points to 118% .
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The marine underwriter first joined the carrier in 2020 after leaving long-standing employer Atrium.
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Convex was one of the carriers to enter the contingency market following the major Covid-19 loss event.
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The carrier has been targeted by activists whose claims it branded “inaccurate and misleading”.
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The Stephen Catlin-led business will now be able to write business across the EEA from London.
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