Convex
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Paul Simons joined the company last year from Axa XL as deputy CEO of Convex Re. -
Dover and Nersessian-Hristova’s appointments mark the first expansion of Convex US since its launch earlier this year.
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Richard Quinn becomes the latest to depart from a property cat-related role at Axis Capital.
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The unit led by Dan Kumpf will offer miscellaneous professional liability cover.
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The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.
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The ratings agency has also affirmed the A- FSR of Convex’s UK and Bermudian entities.
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The carrier will be actively targeting excess lines on US-listed placements, where capacity has been shrinking.
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The airline has said that it does not expect a total loss to the $200mn policy with the aircraft repairable.
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Sources suggest the raise could take the (re)insurer's equity base up to the $3bn it initially targeted.
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