REG - Convex Group Ltd - Catlin steps down as Chairman & remains on board

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RNS Number : 0679Y  Convex Group Ltd  25 March 2026

Stephen Catlin steps down as Chairman and remains on Convex Group Board

Onex CEO Bobby Le Blanc, becomes Chairman

HAMILTON, BERMUDA, 25 March 2026

Convex Group Limited ("Convex"), the international specialty insurer and
reinsurer, today announces that Stephen Catlin has decided to stand down as
Chairman of the Board. He will remain a director and has been elevated to the
honorary title of Founder and Life President to reflect his meaningful
contribution to Convex since its inception.

As Founder and Life President, Stephen will continue to provide strategic
counsel to the Board and mentorship to the executive leadership team, serve as
an ambassador for the company's global initiatives, and steward its long-term
mission and values. He will also remain actively involved in philanthropic and
industry partnerships that reflect Convex's values.

Bobby Le Blanc, a Director of the Board of Convex since its formation in 2019
and CEO of majority shareholder Onex has been appointed Chairman.

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."

Bobby Le Blanc said "I am incredibly honoured to be asked to become the
Chairman of Convex. I look forward to Stephen's continued wise counsel,
mentorship and friendship; he is a leading voice in the industry and has
helped lead Convex on an exceptional journey since its creation. He is an
insurance legend, and I am delighted that he has agreed to remain on the
board. He has helped create significant value for both Convex and Onex and
shareholders and will continue to help develop our market leadership position.

- ENDS -

 

 

About Convex

Convex Group is an international specialty insurer and reinsurer focused on
complex specialty risks across a diverse range of business lines. The company
brings together best in class talent, a diversity of thought and the freedom
and independence of a strong balance sheet to create a fresh approach to
business.

The Group's ambition is to offer something different to its clients and to
engage with them in a true partnership based on fairness, dignity and respect.
Convex was founded by Stephen Catlin and Paul Brand and operates in London,
including in Lloyd's, Bermuda, Luxembourg and New Jersey. The company has an
"A" (Excellent) A.M. Best rating and an "A" with stable outlook S&P
rating.

www.convexin.com (http://www.convexin.com/)

About Onex

Onex invests and manages capital on behalf of its shareholders and clients
across the globe.  Formed in 1984, we have a long track record of creating
value for our clients and shareholders.  Our investors include a broad range
of global clients, including public and private pension plans, sovereign
wealth funds, banks, insurance companies, family offices and high-net-worth
individuals.  In total, Onex has approximately $59.2 billion in assets under
management, of which $8.7 billion is Onex' own investing capital. With offices
in Toronto, New York, New Jersey and London, Onex and its experienced
management teams are collectively the largest investors across Onex'
platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX.  For more
information on Onex, visit its website at www.onex.com (http://www.onex.com/)
. Onex' security filings can also be accessed at www.sedarplus.ca
(http://www.sedarplus.ca/) .

 

Contacts

For media inquiries, please contact:

Haggie Partners: David Haggie, Olivia Thomson, Melissa Phillipson, Camilla
De'Arth

convex@haggiepartners.com

+44 (0) 20 7562 4444

 

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