This follows the addition of Convex’s UK insurance company to the National Association of Insurance Commissioners’ (NAIC) Quarterly Listing of Alien Insurers, with effect from October 1.
Convex’s UK entity is the main source of insurance premium income for the group and was recently handed a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” from A.M. Best.
Unveiled by re/insurance industry experts Catlin and Paul Brand earlier this year, Convex was launched with $1.8 billion of initial committed capital to underwrite both insurance and reinsurance for complex specialty risks across a broad range of businesses in both London and Bermuda.