Specialty insurance and reinsurance company Convex has launched a new Managing General Underwriter (MGU) focused on the US insurance market.
Convex US was launched as an MGU that will focus on excess and excess line (E&S) business.
The MGU, Convex US, will provide primary E&S insurance in the United States on behalf of the company’s underwriting entity, Convex Insurance UK Limited.
MGU’s team in the US will work closely with Convex’s underwriting team in London, we understand, with a mission to provide US E&S activities that are not typically accessible through an operation in the London market.
The first product offered by Convex US will be Miscellaneous Professional Liability (MPL) and the MGU plans to introduce a wider range of products over time.
Convex North America Insurance Services LLC, to give its full name to MGU Convex US, is dedicated to providing specialty insurance products and expertise to customers in the US wholesale market, working with named excess and excess line brokers and approved.
Convex US will operate from an office in Princeton, New Jersey and counts Dan Kumpf, CEO of Convex for North America, as CEO of MGU, while Bob Eels is COO and Lauren Pollack is responsible for strategy.
Tom Bongi, who joined the company this month from his most recent position at Argo, is Head of Professionals and leads the deployment of professional liability products for Convex’s US MGU.
The company has also hired another Argo person, Spencer Poole, who joins as Vice President, Miscellaneous Professional Liability.
As Convex US expands its business, the MGU acting for Convex Insurance UK Ltd. will seek to expand the group’s specialty insurance underwriting in the US property and casualty market.