Convex Group Ltd., the international specialty insurer and reinsurer, announced the launch of Kinetic Insurance Services, a wholly owned, technology-enabled managing general agency, which will start trading in Q4 2026.
The MGA has received UK regulatory approval and will be led by Theo Butt, former CEO of Convex Insurance UK Ltd. Anne Middleton will assume the role of CEO of Convex UK.
UK-based Kinetic will target specialty and niche lines of business complementary to Convex’s existing portfolio. Backed by Convex and third-party capacity, the platform will leverage technology and underwriting excellence to deliver tailored solutions and exceptional customer service to its clients and brokers. See www.kineticmga.com/ for further details.
“Convex is always looking for new opportunities to develop its business both in Bermuda, London and elsewhere. The MGA structure offers flexibility to capital providers reinsurers and business partners,” commented Paul Brand, CEO, Convex Group, in a statement. “Using our capability for writing delegated business we believe that this business will become a major part of Convex’s future growth.”
“The MGA market presents compelling opportunities. Through Kinetic, we’ll access new and emerging markets, delivering quality products underpinned by innovation, strong customer service, and integrity, creating real value for brokers and clients alike. I’m excited to support Theo and the team as this venture takes shape,” according tob Doug Howat, group chief underwriting officer of Insurance and Reinsurance.
“This strategic initiative aims to establish a market-leading MGA built on the principles Convex is renowned for – underwriting excellence, technology-driven innovation, and exceptional customer experience – creating a complementary pillar within our broader portfolio,” Butt said.
“Operating with a differentiated risk appetite and the agility of the MGA model, Kinetic will attract high-calibre talent drawn to Convex’s established infrastructure. We have strong conviction in its long-term growth potential and the meaningful value it will generate for the organization,” Butt continued.
About Convex Group
Convex Group is an international specialty re/insurer focused on complex specialty risks across a diverse range of business lines. Convex was founded by Stephen Catlin and Paul Brand and operates out of London, including 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.
Topics
InsurTech
Tech
Insurance Wholesale
Interested in Insurance Wholesale?
Get automatic alerts for this topic.
