Paul Brand takes over as CEO of Convex from Stephen Catlin

Specialty re/insurer  Convex Group has appointed industry veteran Paul Brand (pictured right), who co-founded the business with Stephen Catlin (pictured left), as group chief executive officer (CEO).

Brand has been deputy CEO since the launch of the firm in 2019, with Catlin serving as both CEO and executive chairman.

Brand has 40 years of insurance industry experience, including 31 years at Catlin and XL Catlin. He was chief underwriting officer at Catlin between 2003 and 2015 and chief underwriting officer (insurance) at XL Group following the Catlin takeover from 2015 until 2017. He was also chairman of Accelerate, XL Catlin’s in-house innovation team from 2016 until 2018. In 2018 he and Catlin began to work on the formation of  Convex which was launched in 2019 and he became deputy CEO from its foundation.

Catlin said: “I am truly delighted that Paul has been appointed CEO by the board. When we launched  Convex in 2019, the plan was that Paul would become CEO in due course and his appointment has been fully endorsed by our shareholders. He has led the team which has built  Convex into a superb business with a strong competitive advantage and hard to replicate intellectual property. This promotion is very well deserved.”

Bobby Le Blanc of Onex Partners added: “Paul and Stephen have demonstrated an incredible ability to build a quality insurance group. The result,  Convex, is a tremendous achievement and we expect the business will thrive under Paul’s leadership whilst benefitting from Stephen and Paul’s continuing partnership. We fully expect that they will deliver value to shareholders over time and Onex Partners thoroughly endorses the Board’s decision.”

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