Stephen Catlin steps down as Chairman of Convex

Stephen Catlin has stepped down as the Chairman of Convex but will continue as a director of the business with the honorary title of founder and life president. He will be succeeded by Bobby Le Blanc who also holds the role of CEO of Onex, the private equity firm that recently became the majority shareholder of Convex.

Paul Brand, Convex CEO said: “Stephen’s contribution to the success of Convex and to the insurance industry is immeasurable. He has been a colleague, mentor and friend for nearly 40 years. He has built two globally renowned insurance businesses and has been integral to securing Convex’s long-term independent future following our re-capitalisation by Onex and AIG. I could say we will miss him, but he will stay very involved with our business. He will also continue to lead our involvement with the Convex Seascape Survey and several other sustainability initiatives.”

Stephen Catlin added: “I am immensely proud of our achievements at Convex over the past seven years. To have built another global carrier in a quarter of the time it took to build the first is no small feat. However, Convex would not exist without the incredible team around me or our market partners. I look forward to continuing to help grow the business whilst providing support to the next generation of leadership as we continue to redefine what insurance can become in an ever-changing world.”