Reinsurance News
Convex Group
Convex delivers strong underwriting performance in 2025 as GWP nears $6bn
20th February 2026
Specialty insurer and reinsurer Convex achieved a 14% year-on-year rise in gross written premiums (GWP) to $5.9 billion in 2025, resulting in a three year compound annual growth rate of 25%, with expansion in most business lines despite the impacts of the California wildfires and other major events and catastrophes. Paul ... Read the full article
AIG completes minority stake acquisitions in Convex and Onex
9th February 2026
AIG, Onex Corporation and Convex have completed a sweeping deal that gives Onex a 63% controlling stake in the specialty insurer, AIG a roughly 35% minority stake and a 9.9% holding in Onex, and establishes a broader long-term strategic partnership including reinsurance and capital commitments. Pursuant to the previously announced ... Read the full article
Convex backed MGA PRISM launches in Asia Pacific
18th December 2025
PRISM, a newly founded managing general agent (MGA) established by industry veterans and backed by Convex and Efinity Insurance Solutions (EIG), has officially launched in Singapore and Hong Kong and will begin underwriting on 18 December 2025. Bringing new capacity, technology and expertise to Asia Pacific specialty markets, PRISM will reportedly ... Read the full article
AIG joins Convex’s new ownership structure led by Onex Corporation
30th October 2025
Convex Group Limited, the international specialty insurer and reinsurer, has announced a new long-term ownership structure in which Onex Corporation will take a leading 63% stake and AIG will become a strategic minority investor with a 35% equity interest. With the exception of management, Convex’s founding equity investors, including Onex’s Partners ... Read the full article
S&P upgrades Convex Group entities credit ratings, assigns stable outlook
26th June 2025
S&P Global Ratings has raised the financial strength ratings on re/insurer Convex group's operating companies to 'A' from 'A-', and assigned a stable outlook. The companies include: Convex Re Ltd., Convex Insurance UK Ltd., Convex Guernsey Ltd., and Convex Europe S.A. Convex has shown significant growth since launching in late 2019, ... Read the full article
Convex sees 2024 net income hit $506m as underwriting result improves 57%
31st March 2025
International specialty insurer and reinsurer Convex Group has revealed an underwriting result for 2024 of $381 million, up 57% from $242 million in 2023. Meanwhile, Convex's net profit attributable to common shareholders was $506 million in 2024, up slightly from $503 million in 2023. This marks its second consecutive year of ... Read the full article
Lloyd’s platform benefits most attractive for strategic gains, poll suggests
21st February 2025
Following Convex Group's recent approval in principle for syndicate 1984 at Lloyd's and AIG's launch of syndicate 2478, we asked our readers their thoughts on the strategic advantages driving these global re/insurers' ventures into the world's oldest insurance and reinsurance marketplace. Most respondents (41%) cited the benefits of the Lloyd’s platform ... Read the full article
Convex ‘looking forward’ to bringing new business to Lloyd’s with Syndicate 1984
14th February 2025
Convex Group, the international specialty insurance and reinsurance company, has announced its entry into the Lloyd's marketplace after the receipt of in principle approval to launch Syndicate 1984, expected to begin underwriting in April 2025. The new Lloyd's Syndicate, which will underwrite some reinsurance of Convex as well as selected lines ... Read the full article
Convex selects Supercede to streamline reinsurance operations
17th January 2025
Convex, a specialty insurer and reinsurer, has selected Supercede’s platform to simplify its reinsurance operations and strengthen collaboration with market partners. The decision follows a year-long collaboration during which Convex tested Supercede’s ability to address operational challenges and improve the efficiency of reinsurance transactions. Supercede’s platform minimises the need for manual data ... Read the full article
McGill and Partners, TMK, and Convex launch AI trade disruption facility
26th November 2024
Independent global specialty insurance and reinsurance broker McGill and Partners, has announced the launch of a new AI- powered trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of $95 million, led by TMK. Leveraging the artificial intelligence technology from Altana, this solution has been ... Read the full article
Convex to improve operational model with EXL partnership
25th October 2024
International specialty insurer and reinsurer Convex has partnered with EXL, a data analytics and digital operations and solutions company, to evolve their operational model through data and technology. Through this multiyear partnership, the program aims to improve efficiency and customer experience, delivering a more cost-effective, scalable and resilient operating model. As part ... Read the full article
S&P revises Convex Re outlook to positive
19th June 2024
S&P Global Ratings revised Convex Re’s outlook to positive from stable, anticipating continued broad expansion aligned with its business plans, maintaining a combined ratio of approximately 90% over the next two years, and remaining well capitalised with capital exceeding S&P’s 99.99% benchmark. This revised outlook extends to Convex group’s operating subsidiaries: ... Read the full article
Convex achieves net profit as FY’23 combined ratio strengthens to 89.6%
18th April 2024
Convex Group, the international specialty insurer and reinsurer, has reported its first annual net profit since inception, announcing 2023 net income of $503.2 million, a significant improvement on the $142.2 million loss seen in 2022. The 2023 net income figure includes the establishment of a deferred tax asset of $67.7 million ... Read the full article
Convex Group invests in Skyrisks to drive innovation in AAM insurance
2nd October 2023
In a strategic move towards advancing the aviation sector's sustainability agenda, Convex Group Ltd (Convex) has announced a cornerstone investment in Skyrisks Limited (Skyrisks). Skyrisks, a London-based managing general agent, is poised to lead the insurance market for the rapidly growing Advanced Air Mobility (AAM) sector. The AAM industry, characterised by cutting-edge ... Read the full article
Convex appoints Simons to Bermuda CEO, names Chandler Group Deputy CUO Reinsurance
5th September 2023
International specialty re/insurer Convex Group Limited has appointed Paul Simons to the role of Bermuda Chief Executive Officer, and Christophe Chandler to the role of Group Deputy Chief Underwriting Officer Reinsurance. Both appointments are effective January 1, 2024, subject to regulatory approval. In their new respective roles, Simons will continue to be ... Read the full article
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