The COVID-19 crisis has had a devastating impact on the contingency market, forcing market conditions to change rapidly while our target Clients across all areas of the sports leisure and entertainment industries are trying to rebuild their business. We recognise that now more than ever we need to use our expertise and creativity to work with Brokers and Clients, to provide the right cover, at the right price.
I have been active in the Contingency market since 1991, first as a broker before moving to Underwriting the class in 2000; the last 16 years being at Beazley.
Convex is an exciting place to be. It’s the right time to enter this business sector – the management at Convex clearly have a long and successful history, understand Contingency business and the importance of building a long-term sustainable and profitable account.
We stand out in a crowded market for having an experienced team that’s dedicated to the class. Currently, we have over 30 years of combined experience and we plan to add to it soon.
This experience and expertise gives us the creativity and confidence to consider a broad range of risk in all aspects of the class. We can now also offer Event Liability cover, making us a one-stop-shop for event organisers who need PL and EL alongside Cancellation insurance.
The nature of our work also brings us into contact with clients who need terrorism and political violence cover. Sitting within a wider crisis management means we have that expertise on tap, along with access to an in-house risk security expert to help us understand the wider context of that risk. On top of that, we benefit from Convex’s data-driven approach, which allows us to develop own view on a risk – not just follow the market.
We cater for clients in all sub-classes of contingency. Event cancellation is our biggest area – from conferences and trade shows to theatre and sporting events. We also cover non-appearance, prize indemnity and film and advertising production.
We have strong relationships with brokers, and work closely with them to design bespoke services that fit our clients’ needs. Whoever we’re working with, we aim to build long-term relationships, and continually strive to improve the quality of the products and service we offer.
But whoever we’re working with, we aim to build long-term relationships, and continually strive to improve the quality of the products and service we offer.
If you need to report a claim or would like an update on an existing claim:
For Convex Re Claims please contact [email protected]
For Convex Insurance UK claims please contact [email protected]
Please call +44 (0)20 3997 1153
