Report: Former Catlin execs' reinsurance startup secures $750M of $3B target
Convex Group U.K. Ltd. has secured a $750 million commitment from Canadian private equity company Onex Corp., The Insurance Insider reported.
Convex Group is a startup founded by certain former Catlin Group executives, including founder Stephen Catlin and Paul Brand, who previously was Catlin Group's chief underwriting officer.
Convex Group, a working name and not a brand name, is aiming to start underwriting April 1 with $3 billion in tow. The launch could be delayed, however, depen...