Convex Group Ltd., the specialty insurer and reinsurer, announce that Matt Paskin has been appointed as CEO of Convex Re Ltd. (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Ltd. (London).
These appointments are subject to regulatory and immigration approvals. These positions were previously held by co-founder and group deputy CEO Paul Brand. Brand remains on the board of Convex Group, Convex Re Ltd. and Convex Insurance UK Ltd.
Paskin has over 35 years of industry experience and has been group chief underwriting officer, Reinsurance, since Convex launched in May 2019, a role he will retain. He was previously chief underwriting officer of XL Catlin Re, having joined Catlin in 1993 as a class underwriter and held multiple roles during his career there. Prior to Catlin, Paskin held roles at the EF Williams Syndicate.
With more than 20 years’ experience in the London market, Butt joined Convex as a consultant in April 2020 to lead a number of special projects within the business. Prior to this he was CEO of Neon Underwriting Ltd., having joined from Ascot, where he spent over 12 years in multiple roles, latterly as head of Non-Marine within the executive underwriting team. Butt also has held a variety of roles at Marsh and JLT.
“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,” said Paul Brand, co-founder and deputy CEO of Convex. “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.”
Convex is a specialty insurer and reinsurer focused on complex risks founded by Stephen Catlin and Paul Brand. With operations in London and Bermuda, Convex occupies a unique position in the insurance industry and combines unrivalled experience, reputation and lessons learned with the freedom and independence of a new balance sheet.
Convex Re Ltd. is regulated by the Bermuda Monetary Authority. Convex Insurance UK Limited is authorized and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.
Source: Convex Group
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