Company co-founder Paul Brand is giving up two titles at Convex Group Limited and Convex Re – and his replacements have been named.
While Brand will remain on the board of the firms, Convex Re will have a new CEO in the form of Matt Paskin, while Convex Insurance UK Limited’s new chief will be Theo Butt. Both appointments remain subject to regulatory and immigration approvals.
So, who are these new leaders?
Paskin has been in the industry for more than 35 years and has been group chief underwriting officer for reinsurance since Convex launched in May last year. He is set to maintain that role. Previously, he held roles at XL Catlin and EF Williams Syndicate.
Meanwhile, Butt has more than 20 years’ experience across the London market and joined Convex back in April as a consultant. His CV includes time spent at the likes of Neon Underwriting, Marsh, JLT and more than 12 years at Ascot.
Brand is confident that the duo can lead the company forward.
“We launched Convex to be the insurance company of the future; an innovative insurance partner that challenges the status quo by putting fairness and honesty at the centre of our singularly client-focused proposition,” he said. “Our success in achieving this is dependent on the people we work with and we are lucky to have exceptional individuals such as Matt and Theo leading the teams in Bermuda and London.
“Matt is a highly respected member of the Convex team and has played a key role in our formation and development to date. His experience and understanding of the market make him the natural candidate to take on the role of CEO of our Bermuda operations.
“Theo is well regarded in the London market and embodies the ethos and values that Convex is built on. He has made a great contribution to the company since he joined in April and has the skillset, expertise and understanding to lead Convex’s London operations.”