Convex
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The upstream market has undergone a period of high personnel movement.
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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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The CEO was responding to comments made by Chubb’s Evan Greenberg.
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Negligence must be proved to cover any loss of life for passengers under P&I cover.
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The ratings change reflects the carrier’s improved performance.
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BOC is believed to be the first lessor to publicly disclose a settlement with its (re)insurers.
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The CEO was speaking after the carrier posted a $503mn profit in 2023.
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Listen in as Convex CEO Paul Brand discusses building and running a $4bn (re)insurer. Also in this episode, Insurance Insider's Rachel Dalton provides an update on Dubai flooding and reinsurance coverage in the Middle East.
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The carrier reported a combined ratio of 89.6% for the year.
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Ben Savill replaces Jeff Saper, who is moving into a fac role.
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The marine market has had several new MGAs launch into the sector.
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The carrier has been expanding its team since launching into the energy market last year.
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