Convex Group, the specialty insurance and reinsurance company founded by Stephen Catlin, has named two new CEO’s of its core underwriting entities, with Matt Paskin appointed CEO of Convex Re Limited (Bermuda) and Theo Butt CEO of Convex Insurance UK Limited.
Both of these roles were previously held by Convex Group Co-Founder & Group Deputy CEO Paul Brand, who steps aside to promote from within, while remaining on the Board of Convex, Convex Re Limited and Convex Insurance UK Limited.
Paskin has more than 35 years of insurance and reinsurance market experience and has been Group Chief Underwriting Officer, Reinsurance since Convex launched in May 2019, a role he will continue to hold as well as the CEO position.
Paskin was previously Chief Underwriting Officer of XL Catlin Re, having joined Catlin in 1993 as a class underwriter and worked through numerous roles during his career there. Before Catlin, Paskin held roles at the EF Williams Syndicate.
Butt has more than 20 years’ of London insurance and reinsurance market expertise, and had joined Convex as a consultant in April 2020, leading certain special projects within the business.
Before coming to Convex, Butt was CEO of Neon Underwriting Limited, which he joined from Ascot, where he spent over 12 years in multiple roles latterly as Head of Non-Marine within their executive underwriting team. He has also held a number of roles at Marsh and JLT.
Paul Brand, Co-Founder and Deputy CEO of Convex, commented on the news, “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. 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.
“It’s an exciting time for Convex and I look forward to continue working with Theo and Matt in their new roles as we continue to grow the business.”