Convex names new chairman as Catlin steps down

Specialty (re)insurer Convex Group has appointed Bobby Le Blanc as its new chairman, with Stephen Catlin deciding to step down.

Le Blanc takes on the role after serving as a director of the board of Convex since its formation in 2019 and chief executive at majority shareholder Onex. 

Catlin, meanwhile, will remain a director at the firm. 

Commenting on his promotion, Le Blanc said: “I am incredibly honoured to be asked to become the chairman of Convex.

”I look forward to Catlin’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.”

Stepping down

In addition to staying on as a director, Catlin has been elevated to the honorary title of founder and life president to reflect his meaningful contribution to Convex since its inception.

In this role, Catlin 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.

Paul Brand, chief executive at Convex, said: “Catlin’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 recapitalisation 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.”

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.”