Catlin founder launches PE-backed specialty insurer Convex
Stephen Catlin and Paul Brand, both formerly executives at the Lloyd’s insurer that bore Catlin’s name, have launched a new specialty insurer and reinsurer with $1.8bn (£1.4bn) in initial capital.
The private-equity backed Convex Group will write complex risks across a range of business lines from both London and Bermuda and has received an A- rating from AM Best.
It says it will focus on
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