The Board of Convex Group Limited, the international specialty insurer and reinsurer, is pleased to announce that Paul Brand, who founded the business in 2019 with Stephen Catlin, became Group CEO with effect from 1st July 2022.
Mr Brand has been deputy CEO since Convex was founded.
Stephen Catlin, Executive Chairman, said: “I am truly delighted that Paul has been appointed CEO by the board. When we launched Convex in 2019, the plan was that Paul would become CEO in due course and his appointment has been fully endorsed by our shareholders. He has led the team which has built Convex into a superb business with a strong competitive advantage and hard to replicate intellectual property. This promotion is very well deserved.”
Bobby Le Blanc of Onex Partners said: “Paul and Stephen have demonstrated an incredible ability to build a quality insurance group. The result, Convex, is a tremendous achievement and we expect the business will thrive under Paul’s leadership whilst benefitting from Stephen and Paul’s continuing partnership. We fully expect that they will deliver value to shareholders over time and Onex Partners thoroughly endorses the Board’s decision.”