# Convex Insurance

Convex Insurance is an Insurance based in Hamilton, Bermuda.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Hamilton, Bermuda
- **Region:** North America
- **Address:** Hamilton, Bermuda
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** convexin.com
- **LinkedIn:** https://bm.linkedin.com/company/convex-insurance

## Regulatory record

- **Reports private funds:** No

## About

Convex occupies a unique position in the insurance industry, combining unrivalled experience, reputation and a legacy free balance sheet. We offer international specialty insurance and reinsurance, along with digital risk management solutions, through our operations in Bermuda, London, Europe and the US.

## Sectors

- Insurance
- Reinsurance

## Offices

- London, United Kingdom

## People

- Stephen Catlin — Executive Chairman and Co-Founder
- Paul Brand — CEO and Co-Founder

## Questions

### How is Convex capitalized, and who are its major backers?

Convex launched with $1.8 billion in committed capital from PSP Investments, GIC, Sixth Street, and a quota-share arrangement with AIG. Onex Corporation became the majority shareholder at 63 percent following a 2024 recapitalization. AIG retains a 35 percent strategic stake. PSP Investments fully exited the shareholder register in 2026.

### What lines of business does Convex underwrite?

The firm focuses on specialty commercial lines including aviation, marine, energy, casualty, and professional indemnity. These are complex, judgment-intensive risks where standard actuarial models underperform. Convex does not compete in personal lines or commoditized property markets.

### Does Convex operate as a Lloyd's syndicate?

Yes. Convex maintains a presence in the Lloyd's of London market, which provides access to global distribution and regulatory passporting. The firm's Bermuda holding company consolidates underwriting results from both Lloyd's and direct Bermuda-market placements.

### How does Convex's investment portfolio relate to its underwriting liabilities?

The firm holds a global fixed-maturity investment portfolio alongside cash and equivalents. The mandate is duration-matched and high-grade — typical for a Bermuda-class specialist carrier. There is no publicly disclosed allocation to alternative assets or equity strategies, reflecting the regulatory capital requirements of the Lloyd's and Bermuda Monetary Authority frameworks.

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Last updated: 2026-06-03T20:00:00.000Z

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