Convex
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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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The incoming aviation specialist was previously head of aviation at LSM.
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The A-rated capacity is designed to support the AAM market and is ready for submissions.
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Nicholas Lyons plans to champion the London market's expertise on cyber and climate risk, and discuss ideas for a consolidated systemic risk pool.
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Our virtual roundtable polled industry leaders on critical questions for the reinsurance market. Today, we explore how the industry can collaborate on net-zero objectives after insurers exited the Net-Zero Insurance Alliance (NZIA) in droves.
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Paul Simons joined the company last year from Axa XL as deputy CEO of Convex Re.
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She will join the team headed up by Stella Tomlin, who launched the Lancashire marine liability book in 2021.
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A panel of sustainability leaders from Conduit Re, Axa XL, Convex and Vantage Risk discussed the need for a consistent methodology to measure underwriting emissions at the Bermuda Climate Summit.
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The rating agency upgraded Convex following it reporting its first underwriting profit for 2022.
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The carrier has expanded its team since launching into the class of business in 2020.
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The carrier also reported GWP in excess of $3bn and $1.7bn in net earned premiums for 2022.
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Montgomery Aviation and Rise Aviation Limited, along with EOS Aviation, have launched fresh legal battles against Convex and Lancashire.
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The business has hired former AGCS aviation underwriter Alistair Blundy as CEO.
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Bissett will oversee Convex’s finance function in addition to the data and actuarial teams.
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A harder retro market will have a knock-on effect for London reinsurers, a panel of executives said at today’s London Market Conference hosted by Insurance Insider.
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Convex joined the financial lines space at the height of a hard market, when capacity was scarce.
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Dover and Nersessian-Hristova’s appointments mark the first expansion of Convex US since its launch earlier this year.
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The executive underwriter for casualty treaty has worked for Zurich, QBE and Barbican in a long career.
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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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