Convex Group, the international specialty insurer and reinsurer, today announces that its UK insurance company, Convex Insurance UK Limited, has been added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers with effect from 01 October 2019. This means that Convex will be able to write U.S. excess and surplus lines across the United States.
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The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.
Convex Group is a specialty insurer and reinsurer focused on complex risks founded by Stephen Catlin and Paul Brand. With operations in London and Bermuda, Convex occupies a unique position in the insurance industry and combines unrivalled experience, reputation and lessons learnt with the freedom and independence of a new balance sheet.
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