Catlin’s Convex Group Raises Capital of $500 Million January 14, 2021
Convex Group Ltd. has secured $500 million in committed preferred equity capital from affiliates of Sixth Street, a leading global investment firm. The investment follows Convex’s recent $1 billion capital raise from a consortium led by Onex and GIC, in which Sixth Street also participated.
Sixth Street’s investment brings Convex’s total committed capital to over $3.2 billion.
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The company is led by Stephen Catlin, Paul Brand and a team of well-respected insurance industry experts.
San Francisco-based Sixth Street is a global investment firm with over $50 billion in assets under management. Sixth Street is an active global investor in insurance and reinsurance businesses through its $24 billion Sixth Street TAO platform.
Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital’s Grandisson as Chair January 7, 2021
New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry association are:
Chair Marc Grandisson, CEO of Arch Capital Group Ltd.
Deputy Chair Pina Albo, CEO of Hamilton Insurance Group Ltd.
Second Deputy Chair Christopher Schaper, CEO of AIG Re.
Past ABIR Chairs Albert Benchimol, president and CEO of AXIS Capital; Kevin O’Donnell, president & CEO of RenaissanceRe Holdings and Stephen Catlin, chairman and CEO of Convex also serve as ABIR officers.
‘I’m energized to advance ABIR’s international mission and look forward to working with my fellow ABIR member companies to promote the Bermuda re/insurance market’s interests around the world,” Grandisson said. “I’d like to thank past ABIR Chairs for their tremendous service in the public policy, education and advocacy for the Bermuda market. Ber
2020-12-22T16:18:00+00:00
Partnering with an EU entity is one of several ways by which a UK insurer or broker can continue to trade on the continent after Brexit
International speciality insurer and reinsurer Convex Group has struck a deal with French underwriter SCOR which will allow it to continue to access markets in the European Union after Brexit.
In a statement, Convex said it had ”entered into a strategic relationship with SCOR Europe SE, a specialty insurance risk carrier established in France, in order to ensure, in most instances, that we can continue to support our clients with exposures inside the EEA [European Economic Area]”.