International speciality insurer and reinsurer, Convex Group Limited, has announced the appointment of Matt Paskin as Chief Executive Officer (CEO) of Convex Re Limited (Bermuda) and Theo Butt as CEO of Convex Insurance UK Limited (London).
Both of these roles were previously held by Convex Co-Founder and Group Deputy CEO, Paul Brand, who continues to serve on the Board of Convex, Convex Re Limited and Convex Insurance UK Limited.
Paskin brings more than 35 years of industry experience to the role and has served as Group Chief Underwriting Officer (CUO) Reinsurance since the company’s launch, a role he will retain. Previously, he served as CUO of XL Catlin Re, having joined Catlin in 1993 as a class underwriter. Before Catlin, Paskin held roles with EF Williams Syndicate.
Butt brings more than two decades of London market experience to his new role, and joined Convex as a consultant in April of this year to lead numerous special projects within the business. Prior to Convex, he was CEO of Neon Underwriting Limited, having joined from Ascot, where he worked for more than 12 years in multiple positions. He has also held numerous roles with Marsh and JLT.
Brand commented: “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 London.
“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.”
Adding, “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.
“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.”
Both appointments are subject to regulatory and immigration approvals.