S&P upgrades Convex Group entities to A; Outlook Stable
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Convex Re Bermuda authorised to write excess and surplus lines in the U.S.
Published October 7, 2025Convex Group, the international specialty insurer and reinsurer, today announces that its Bermuda reinsurance company, Convex Re Limited, has been added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers with effect from 01 October 2025. This allows Convex Re Ltd Bermuda to write U.S. excess and surplus lines across the United States.
Paul Simons, CEO, Bermuda, said: “We are delighted to have been added to the NAIC listing. This recognition enables us to expand our offering to include U.S. surplus property lines, strengthening the service and solutions we provide to our clients.”
About NAIC
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.
About Convex Group
Convex Group is an international specialty insurer and reinsurer focused on complex specialty risks across a diverse range of business lines. The company brings together best in class talent, a diversity of thought and the freedom and independence of a strong balance sheet to create a fresh approach to business.
The Group’s ambition is to offer something different to its clients and to engage with them in a true partnership based on fairness, dignity and respect.
Convex was founded by Stephen Catlin and Paul Brand and operates out of London, Bermuda, Luxembourg and New Jersey. The company has an “A“ (Excellent) A.M. Best rating and an “A-“ with stable outlook S&P rating.
