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Who we are

Convex is an international specialty insurer and reinsurer founded by Stephen Catlin and Paul Brand. With operations in Bermuda, London and Europe. Convex occupies a unique position in the insurance industry combining unrivalled experience, reputation and a legacy free balance sheet.

Excited by opportunity

Convex is a stimulating environment that offers the opportunity to do something different.

Convex is bringing together a seasoned team with specialist underwriting capabilities, at the forefront of their respective disciplines. Convex intends to maximise efficiency and reduce costs within the business by outsourcing bulk operations and focussing on large commercial clients with complex insurance requirements. With no legacy systems to be maintained and a clean balance sheet, there will be a strong focus on using modern technology specifically designed.

Our values

We live our values in every facet of our business.

  • Earn our reputation: Everything we do affects how others see us. Our success depends upon our reputation, for which all of us share responsibility.
  • Straightforward and fair: We tell it like it is, with fairness, dignity and respect. We strive to do the right thing always, however hard it seems.
  • Determined to improve: However good we are, we are not complacent. We know we can always be better and we never stop trying to improve.
  • Inspired by opportunity: We come to the market and to every client engagement without baggage. There is no limit to what we can achieve together.
  • Enjoy being different: We feel positive about change and we are not afraid to try new things in our quest for a better way for clients, stakeholders and colleagues to do business.

Our history

Stephen Catlin established the Catlin Underwriting Agencies syndicate at Lloyd’s in 1984. From there, it grew into a global insurer that regularly outperformed the market and wrote US$6bn in annual premium when it was acquired in 2015.

In 2019, Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company received an A.M. Best rating of A- (Excellent) and regulatory approval to operate in London and Bermuda.

Many of the people that made Catlin successful now work at Convex, so there is a continuity in management style and underwriting ethos. We have also welcomed leaders in their fields from across the insurance industry, bringing a diversity of thought and approach.