What is Convex?
Founded by industry veterans Stephen Catlin and Paul Brand, Convex operates with a unique proposition in the insurance and reinsurance market. Leveraging a legacy-free balance sheet and combining extensive experience with a strong reputation, Convex aims to redefine specialty insurance. With established operations in Bermuda, London, and across Europe, the company is strategically positioned to address complex risks and provide innovative solutions to a global clientele. Its focus on specialty lines allows it to carve out a distinct niche, differentiating it from broader market players.
How much funding has Convex raised?
Convex has raised a total of $1.5B across 3 funding rounds:
Private Equity
$1B
Private Equity
$500M
Other Financing Round
$44M
Private Equity (2020): $1B with participation from Onex
Private Equity (2021): $500M led by Sixth Street Partners
Other Financing Round (2025): $44M, investors not publicly disclosed
Key Investors in Convex
Onex
Onex is a prominent private equity firm known for its strategic investments in established companies across various sectors, likely focusing on long-term value creation and operational improvements.
Sixth Street Partners
Sixth Street Partners is a global investment firm that provides capital solutions for businesses, often engaging in private equity and credit investments with a focus on growth-oriented companies.
What's next for Convex?
The recent major strategic investment signals Convex's readiness for its next phase of growth. This capital injection is likely to be deployed towards expanding its underwriting capabilities, enhancing its technological infrastructure, and potentially exploring new geographic markets or product lines. The company's ability to attract significant backing, particularly in the current economic climate, suggests strong underlying performance and a clear strategic vision. Investors are betting on Convex's experienced leadership and its differentiated approach to specialty insurance, anticipating continued market share gains and profitability.
See full Convex company page
