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Convex News
Convex news from Insurance Insider
The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
The ratings agency cited the carrier’s growth and performance.
A positive outcome could significantly curb insurers’ exposure to the loss.
Growth came across all lines, and losses from catastrophe events were within expectations.
Of the 178 passengers and crew on board, no serious injuries have been reported.
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.
Richard Quinn becomes the latest to depart from a property cat-related role at Axis Capital.
The unit led by Dan Kumpf will offer miscellaneous professional liability cover.
The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.
The ratings agency has also affirmed the A- FSR of Convex’s UK and Bermudian entities.
The airline has said that it does not expect a total loss to the $200mn policy with the aircraft repairable.
Sources suggest the raise could take the (re)insurer's equity base up to the $3bn it initially targeted.
Competitor news
Competitor news
Competitor news
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A memo to staff said the executive will be “pursuing new opportunities outside of our company”. -
The move from Chubb comes at a moment of perceived weakness for AIG.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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How do you harmonise distribution strategies in a rapidly evolving marketplace?
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In Partnership with AXISMichael McKenna, Head of North America Specialty Insurance, AXIS, outlines the key trends shaping the industry as 2025 comes to a close and underscores that talent acquisition and rapid technology integration will be critical for specialty insurance in 2026.
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In Partnership with AXISLooking ahead to 2026, Michael Silas, Head of Global Credit, AXIS, sees mildly positive global growth driven by tech and infrastructure, but says credit sentiment remains cautious and reinsurers must still price to long‑term tail risk.
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Nobody likes flying in turbulence, and in recent years aviation insurers have faced their fair share of upheaval.
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In Partnership with ApolloWith real-time data and analytical tools giving underwriters a clear view of pricing adequacy, mix and attachment points, and allowing faster corrective action when rates fall below acceptable thresholds, insurers are shifting into a new paradigm for soft markets, said James Slaughter, Group CUO, Apollo, during an interview at the Insurance Insider’s London Market Conference.
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In Partnership with Fidelis PartnershipInsurers can turn the global energy transition into both a commercial opportunity and a force for societal good, said Charlie Heathcote, Head of Sustainability, the Fidelis Partnership, during an interview at the Insurance Insider’s London Market Conference
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In Partnership with RecorderAllowing insurers to receive real-time data from MGAs could eliminate the need for monthly bordereaux reporting, said Matt Hicks, Co-founder, Recorder, during an interview at the Insurance Insider’s London Market Conference.
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This webinar dives into the latest trends, legal cases and risk management strategies surrounding these next-generation digital liabilities
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In Partnership with AXISBeing able to make use of innovative AI features relies on having structured, organised and logical data.
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Join senior market leaders for a forward-looking discussion on performance trends, pricing dynamics, M&A signals and risk appetite across both admitted and E&S segments.
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AI and precise data can enable insurers to innovate policy durations, from annual to transaction-specific, offering more tailored coverage options, said Christina Lucas, Global Market Leader, Insurance, Google Cloud, during an interview at the PwC Insurance Summit.
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Pushing 1 January renewals late in the season can undermine outcomes, said Maamoun Rajeh, President, Arch Capital Group. During an interview at the PwC Insurance Summit, Rajeh called for a bifurcated market approach combining strategic partnerships and a collaborative price discovery process months before renewals.
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During an interview at the PwC Insurance Summit, SiriusPoint CEO Scott Egan highlighted the danger of pricing cycles. As pressure mounts after a quiet cat quarter, he urged reinsurers not to create pricing cycles by chasing volume at the expense of long-term industry attractiveness and risk adequacy.
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In Partnership With PwCPwC Partner Matt Britten predicts a wave of dealmaking in 2026, driven by diversified third-party capital from hedge funds, private equity and more. With reinsurers seeking growth and new asset classes emerging, the market is set for increased activity and innovation, he said during an interview at PwC's Insurance Summit.
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In Partnership With PwCAn expected $600bn of capital flowing into the financial services industry in the coming years is focused on innovation and can reshape the insurance industry, said Arthur Wightman, territory leader, PwC Bermuda, during an interview at PwC's Insurance Summit.
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The continued growth in cat bonds and third-party investment brings new options for risk transfer, diversifies investor pools and boosts returns, said Andy Marcell, CEO, Aon Global Solutions, during an interview at the PwC Insurance Summit.
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In Partnership With Aspen"We don't want to run away from that risk. We want to run to the risk as long as we can quantify it," said Christian Dunleavy, President, Aspen, during an interview at the PwC Insurance Summit.
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"We are unique in that for every line of business we write, we have both an owned balance sheet and a third-party capital solution to bring to customers," RenaissanceRe CEO Kevin O'Donnell said during an interview at the PwC Insurance Summit in Bermuda.
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Reinsurance investments surged past 50 deals in Q3, Freddie Scarratt, Global Deputy Head of InsurTech, Gallagher Re, said during an interview at the PwC Insurance Summit in Bermuda. He said 75% of the deals were AI-driven.
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What does it take to build a reinsurer that can manage volatility?
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In Partnership With AXISTools including raising deductibles and attachment points can help manage inflation challenges, says Jay Hamilton, head of A&H for AXIS
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In Partnership with Moody'sJoin Insurance Insider for a free webinar, offered in partnership with Moody’s, at 10:30 EST/15:30 GMT on 22 January
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How do struggling governments across the globe tackle stagnating economic growth?
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Building on the buzz from our in-person October Insider Progress UK meeting, we’re back with a free follow-up webinar on Tuesday, 11th November 2025 at 15:30 GMT.
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In Partnership with Swiss ReThe global construction industry continues to expand, says Jimmy Keime, Head of Engineering and Nuclear, for Swiss Re.
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In Partnership with Swiss ReAhead of the upcoming Baden-Baden Reinsurance Meeting, top of mind for many are climate, economy and geopolitics, says Nikhil da Victoria Lobo, Head of P and C Reinsurance for Western and Southern Europe and Middle East and Africa for Swiss Re.
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IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
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In Partnership with DOCOsoftJoin Insurance Insider, in partnership with Docosoft, for a live 60-minute webinar at 10:30 ET/15:30 GMT on 21 January 2026
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In Partnership with M&A ServicesJoin Insurance Insider, in partnership with M&A Services, for a free webinar at 10:30 EDT/15:30 BST on 9 December
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In Partnership with Moody'sJoin Insurance Insider, in partnership with Moody’s, for a free webinar, 10:30 ET/15:30 GMT, December 2
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What’s driving the wave of shifting ownership structures in the Lloyd’s market?
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How does Lloyd’s plan to secure its future as a leading global marketplace?
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What’s next for the reinsurance market as Monte Carlo approaches?
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In partnership with M&A ServicesJoin Insurance Insider, in partnership with M&A Services, for a free webinar 10:30 EDT/15:30 BST on Sept. 24
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What happens when a global broker network decides to fill a gap in the London market itself?
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In Partnership With MarkelJoin Insurance Insider for a free webinar, in partnership with Markel, 10:30 EST/ 15:30 GMT, Nov 5
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In Partnership With VeriskJoin Insurance Insider, in partnership with Verisk, for a free webinar at 10:30 EDT/15:30 BST on 29 September
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What does it take to turn a family-run insurance group into a global powerhouse?
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In Partnership with Moody'sJoin Insurance Insider, in partnership with Moody’s, for a free webinar at 10:30 EDT/15:30 BST on 30 September
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How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?
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Is the ransomware threat really getting worse – or just more visible?
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Is the huge growth experienced by the MGA sector run out of steam?
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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In Partnership with WorkdayJoin us for a free webinar, in partnership with Workday, 10:30 EDT/15:30 BST, Oct 15
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Are intermediaries facing tougher times as the broking supercycle winds down?
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In Partnership with MarkelJoin Insurance Insider, in partnership with Markel, for a free webinar on 10:30 EDT/15:30 BST on July 29
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What does it take to stay profitable as the insurance cycle shifts — and why is leadership diversity still lagging in the London market?
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In Partnership With AXISJoin us for a free webinar, 10:30 ET/ 15:30 BST on Aug 19, hosted by Insurance Insider and AXIS to explore how the insurance industry is adapting to these challenges.
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In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
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Commercial lines rate increases slow to 3.8%: WTW
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LIVE from Monte: Mereo CEO Croom-Johnson
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Hannover Re outlines ILS plans as Ludolphs to retire at end of 2026
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LIVE from Monte: Paul Campbell, Global Growth Officer for Aon’s strategy & technology group
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Brown & Brown appoints Hearn to lead global operations
The executive has been serving as COO since February.
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