Convex names Bermuda and UK CEOs – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

Convex names Bermuda and UK CEOs




First Prev 1 2 Next Last

Convex Group Limited, the biggest insurance start-up in Bermuda's history, has named its Bermuda and UK chief executive officers.

Matt Paskin will head Convex Re in Bermuda, while Theo Butt will lead Convex Insurance UK.

The international specialty insurer and reinsurer said today that the positions were previously held by Paul Brand, who founded Convex with Stephen Catlin.

Mr Brand, group deputy CEO, remains on the board of the Convex, Convex Re and Convex Insurance UK.

The appointments are subject to regulatory and immigration approvals.

Mr Paskin has more than 35 years of industry experience and has been group chief underwriting officer, reinsurance since Convex launched in May 2019, a role he will retain. He was previously chief underwriting officer of XL Catlin Re, having joined Catlin in 1993 as a class underwriter and held multiple roles during his career there.

Mr Butt has more than 20 years' experience in the London market and joined Convex as a consultant in April 2020 to lead a number of special projects within the business.

Prior to this he was CEO of Neon Underwriting Ltd, having joined from Ascot, where he spent over 12 years in multiple roles latterly as head of non-marine within their executive underwriting team. Mr Butt has also held a variety of roles at Marsh and JLT.

Mr Brand 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 skill set, 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.”

Top Bermuda role: Matt Paskin has been appointed CEO of Convex Re
Theo Butt, the new CEO of Convex Insurance UK




You must be registered or signed-in to post comment or to vote.

Published September 19, 2020 at 8:00 am (Updated September 19, 2020 at 2:06 pm)

Convex names Bermuda and UK CEOs

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon