Convex

The veteran underwriter said market conditions are still ‘robust’.

The MGA will be led by Convex UK CEO Theo Butt. 

The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.

AIG leads the all-risks cover and Axa XL is the hull war lead.

The claim could add pressure to the hull war market after a recent High Court ruling.

The ratings agency cited the carrier’s growth and performance.

Air India has a multi-year insurance arrangement in place.

The London market is not expected to shoulder the bulk of the eventual loss.

Jim Meakins is the latest in a slew of talent to exit from the syndicate.

A positive outcome could significantly curb insurers’ exposure to the loss.

The specialty MGA has been pursuing an M&A strategy in recent months.

Growth came across all lines, and losses from catastrophe events were within expectations.

Syndicate 1984 is set to begin underwriting next month.

Syndicate 1984 will be backed by Names under a modified freehold arrangement.

Of the 178 passengers and crew on board, no serious injuries have been reported.

Lloyd’s entry is a modest start for the London heavyweight but could be the beginning of something bigger.

Syndicate 1984 will have Names capacity and be managed by Asta.

The upstream market has undergone a period of high personnel movement.

Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.

The CEO was responding to comments made by Chubb’s Evan Greenberg.

Negligence must be proved to cover any loss of life for passengers under P&I cover.

The ratings change reflects the carrier’s improved performance.

BOC is believed to be the first lessor to publicly disclose a settlement with its (re)insurers.

The CEO was speaking after the carrier posted a $503mn profit in 2023.

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.

The carrier reported a combined ratio of 89.6% for the year.

Ben Savill replaces Jeff Saper, who is moving into a fac role.

The marine market has had several new MGAs launch into the sector.

The carrier has been expanding its team since launching into the energy market last year.

The incoming aviation specialist was previously head of aviation at LSM.

The A-rated capacity is designed to support the AAM market and is ready for submissions.

Nicholas Lyons plans to champion the London market's expertise on cyber and climate risk, and discuss ideas for a consolidated systemic risk pool.

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.

Paul Simons joined the company last year from Axa XL as deputy CEO of Convex Re.

She will join the team headed up by Stella Tomlin, who launched the Lancashire marine liability book in 2021.

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.

The rating agency upgraded Convex following it reporting its first underwriting profit for 2022.

The carrier has expanded its team since launching into the class of business in 2020.

The carrier also reported GWP in excess of $3bn and $1.7bn in net earned premiums for 2022.

Montgomery Aviation and Rise Aviation Limited, along with EOS Aviation, have launched fresh legal battles against Convex and Lancashire.

The business has hired former AGCS aviation underwriter Alistair Blundy as CEO.

Bissett will oversee Convex’s finance function in addition to the data and actuarial teams.

The company has also promoted Richard Slater to CUO.

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.

Convex joined the financial lines space at the height of a hard market, when capacity was scarce.

Dover and Nersessian-Hristova’s appointments mark the first expansion of Convex US since its launch earlier this year.

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.