The National Association of Insurance Commissioners added Convex Re Ltd last week to its quarterly listing of alien insurers.

Convex Group, the international speciality insurer and reinsurer, said this allows its Bermudian-based reinsurance company to write excess and surplus lines across the United States.

Paul Simons, chief executive, Bermuda, said: “We are delighted to have been added to the NAIC listing. This recognition enables us to expand our offering to include US surplus property lines, strengthening the service and solutions we provide to our clients.”

The NAIC is the standard-setting and regulatory support organisation created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five American territories.

Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review and co-ordinate their regulatory oversight.

NAIC staff support these efforts and represent the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the US.

A Convex statement said the group is focused on complex speciality risks across a diverse range of business lines. It continued: “The company brings together best-in-class talent, a diversity of thought, and the freedom and independence of a strong balance sheet to create a fresh approach to business.

“The group’s ambition is to offer something different to its clients and to engage with them in a true partnership based on fairness, dignity and respect.

Convex was founded by Stephen Catlin and Paul Brand and operates out of London, Bermuda, Luxembourg and New Jersey. The company has an A (Excellent) AM Best rating and an A- with stable outlook S&P rating.