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Articles » Matt Paskin and Theo Butt appointed CEO of Convex Re Limited (Bermuda) and CEO of Convex Insurance UK Limited respectively
Bermuda, 21st September 2020
Group Limited (“Convex”), the international specialty insurer and reinsurer, is
delighted to announce that Matt Paskin has been appointed as CEO of Convex Re
Limited (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance
UK Limited (London); these appointments are subject to regulatory and
immigration approvals. These positions were previously held by Co-Founder &
Group Deputy CEO Paul Brand. Paul remains on the Board of the Convex, Convex Re
Limited and Convex Insurance UK Limited.
over 35 years of industry experience and has been Group Chief Underwriting
Officer Reinsurance since Convex launched in May 2019, a role he will retain.
He was previously Chief Underwriting Officer of XL Catlin Re, having joined
Catlin in 1993 as a class underwriter and held multiple roles during his career
there. Prior to Catlin, Matt held roles at the EF Williams Syndicate.
Theo has over 20 years’ experience
in the London market and joined Convex as a consultant in April 2020 to lead
a number of special projects within the business. Prior to this he was CEO of
Neon Underwriting Limited, having joined from Ascot, where he spent over 12
years in multiple roles latterly as Head of Non-Marine within their executive
underwriting team. Theo has also held a variety of roles at Marsh and JLT.
Brand, Co-Founder and Deputy CEO of Convex, said: “We launched Convex to be the
insurance company of the future; an innovative insurance partner that
challenges the status quo by putting fairness
and honesty at the centre of our singularly client-focused proposition. Our success in
achieving this is dependent on the people we work with and we are lucky to have
exceptional individuals such as Matt and Theo leading the teams in Bermuda and
“Matt is a highly respected member of the Convex team and has played a
key role in our formation and development to date. His experience and
understanding of the market make him the natural candidate to take on the role
of CEO of our Bermuda operations.
“Theo is well regarded in the London market and embodies the ethos and
values that Convex is built on. He has
made a great contribution to the company since he joined in April and has the
skillset, expertise and understanding to lead Convex’s London operations.
“It’s an exciting time for Convex and I look forward to continue working
with Theo and Matt in their new roles as we continue to grow the business.”
– ENDS –
Convex is a specialty
insurer and reinsurer focused on complex risks founded by Stephen Catlin and
Paul Brand. With operations in London and Bermuda, Convex occupies a unique
position in the insurance industry and combines unrivalled experience,
reputation and lessons learnt with the freedom and independence of a new
Convex Re Limited is regulated by the Bermuda
Monetary Authority. Convex Insurance UK Limited is authorised and regulated by
the Prudential Regulation Authority and the Financial Conduct Authority.www.convexin.com
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