Speciality international (re)insurer, Convex Group Limited announced the appointments of Matt Paskin as CEO of Convex Re Limited (Bermuda) and Theo Butt as CEO of Convex Insurance UK Limited (London).
Both of these positions were previously held by Co-Founder & Group Deputy CEO Paul Brand. Brand continues to serve on the board of Convex, Convex Re Limited and Convex Insurance UK Limited.
Paskin brings over 35 years of industry experience and has served as group chief underwriting officer (CUO) Reinsurance since the company’s launch in May 2019, a role he will retain. He was previously CUO of XL Catlin Re, having joined Catlin in 1993 as a class underwriter. Prior to Catlin, Paskin held roles with EF Williams Syndicate.
Additionally, Butt has over two decades of London Market experience and joined Convex as a consultant in April 2020 to lead a number of projects within the business. Prior to this, he was CEO of Neon Underwriting Limited, having joined from Ascot, where he spent over 12 years in several positions. He has also held various roles at Marsh and JLT.
Brand, Co-Founder and Deputy CEO of Convex, said: “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.”