Stephen Catlin strikes out with fresh insurer
Catlin is working with deputy CEO Paul Brand and the business starts with $1.8bn of capital with the firm looking to underwrite insurance and reinsurance for complex speciality risks for a range of commercial lines in Bermuda and London.
Insurance industry experts, Stephen Catlin and Paul Brand have launched a new international and specialty insurer and reinsurer, Convex Group.
Convex has $1.8bn (approx. £1.4bn) of capital and will use $1.6bn (approx. £1.2bn)) for the initial start and then use further capital to help it expand.
The firm will operate in both London and Bermuda and has been awarded an A.M. rating of A- (Excellent).
Offering
Convex stated that it will underwrite insurance and reinsurance for complex specialty
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