Convex Reinsurance

Convex Reinsurance (Convex Re), part of Convex Group Limited, offers global specialty coverage from Bermuda and London. It writes 40 percent of the group's portfolio, with strong focus on complex property and casualty risks.

History of Convex Reinsurance

The company was established in 2019 to focus on complex specialty reinsurance. It has built strong reinsurance teams and expanded across property, casualty, and specialty lines.

Convex Re Limited was incorporated in Bermuda as a Class 4 insurer under the Bermuda Monetary Authority. More major events are listed below:

• 2019: Convex Group launched with $1.7 billion in committed capital to underwrite insurance and reinsurance
• 2020: secured an additional $1 billion in equity capital to support growth
• 2023: achieved first annual net profit of $503 million with a combined ratio of 90 percent
• 2024: gross written premium increased to $5.2 billion, combined ratio improved to 88 percent

In 2025, Convex Reinsurance was approved to launch Syndicate 1984 at Lloyd’s. This step expands its reach in global reinsurance.

Reinsurance products and services

Convex Reinsurance writes business from two main platforms in London and Bermuda. The team works as one global unit, ensuring consistent service for brokers and clients across markets:

• international property: cat and risk reinsurance for Europe, Japan, Canada, and other key markets
• US property: North America cat and proportional treaties for wind, quake, and wildfire risks
• international casualty: liability, motor, comp, and professional risks across global markets
• US casualty: medical, liability, and auto programs for US-based carriers of all sizes
• specialty: covers cyber, credit, aviation, energy, and political risks under proportional and XOL terms

Convex Re supports clients by combining product depth with focused underwriting expertise. By building trusted relationships, it has become a preferred reinsurer across complex and specialty classes.

Culture and core values

Convex Reinsurance is known for being a workplace where experts work together and question the usual way. Employees describe it as a stimulating, focused setting that feels uniquely Convex.

Workplace environment and benefits

The firm sees its people as its greatest strength and wants them to thrive. It has earned praise as one of the Sunday Times Best Places to Work two years in a row.

Staff have access to standout support and flexible tools that help them do their best work:

• professional growth: mentoring programs, workshops, and a “Dream Team” pitch panel for personal ideas
• giving back: charity support, volunteer days, and backing for Alzheimer’s Research UK and local causes
• health and wellness: private medical plans, mental health support, and regular health checks
• time off: 30 vacation days, birthday leave, and family-friendly leave policies
• financial protection: generous pension contributions and life insurance from day one
• work-life balance: agile working options and simple, clear benefit access
• tech support: Apple Macs and iPhones provided, with help for those used to Windows systems

Convex makes sure people have meaningful work and the right tools to do it well. The tech, benefits, and support combine to create a place where people grow, give back, and stay balanced.

Belonging at Convex Re

Convex Reinsurance sees belonging as part of how it stays competitive. It’s not just a policy. The focus goes beyond inclusion to create a shared sense of value and connection for everyone:

• Cross Industry Networks: events with ICAN and LINK to build awareness and community
• Haverstock School Partnership: mentoring and sponsorship to support social mobility in education
• Inclusion Index: annual survey run by The Equal Group to track belonging
• SPARK: personalized reports and team feedback for better engagement
• Disability Confident: certification to ensure access for a wider talent pool

The company encourages respect and challenges bias in line with the Equality Act 2010. Every voice matters, and fair treatment is the foundation for how people are supported.

Sustainability approach

Convex Reinsurance links ESG goals to its mission as a partner for complex specialty risks. The company launched the Convex Seascape Survey, a five-year research project on ocean carbon storage. It is also a Climatewise member and reports progress under TCFD-aligned principles each year.

The future at Convex Reinsurance

In 2025, the company selected Supercede to upgrade how it manages reinsurance placements. Supercede is a digital platform that streamlines quotes, deal tracking, renewals, and data integration. Convex Reinsurance is backing smart tools that support clear decisions and faster and simpler operations.

AM Best affirmed strong A ratings across Convex Group’s global reinsurance platforms. The firm continues to grow with over $5 billion in premium and steady underwriting profits. It maintains stability despite large risks and is supported by capital strength and trusted reinsurance partners.