Convex - About the company
Convex is an acquired company based in London (United Kingdom), founded in 2019 by Stephen Catlin. It operates as a Provider of international specialty insurance and reinsurance. Convex has raised $2.3B in funding from investors like Onex, PSP Investments and Sixth Street. The company has 87 active competitors, including 3 funded and 34 that have exited. Its top competitors include companies like ERS, Intact Ventures and Ascot Group.
Company Details
Provider of international specialty insurance and reinsurance. The company offers digital risk management solutions. It aims to offer something unique to its clients and stakeholders. The company is building a best practice business from scratch, using everything it has learned during its careers to deliver something new and innovative.
- Website
- convexin.com
- Email ID
- *****@convexin.com
- Phone Number
- +44 **********
- Registered Address
- 52 LIME STREET,LONDON,EC3M 7AF
Key Metrics
Founded Year
2019
Location
London, United Kingdom
Stage
Acquired
Total Funding
$2.3B in 3 rounds
Latest Funding Round
Ranked
1st among 87 active competitors
Annual Revenue
£1M - £10M as on Dec 31, 2025
Employee Count
710 as on Aug 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Onex (Feb 06, 2026)
Legal entities associated with Convex
Convex is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CONVEX INSURANCE UK LIMITED CIN: 662767080 , Australia, Active | Oct 02, 2022 | - | - | |
CONVEX INSURANCE UK LIMITED CIN: 11796392 , United Kingdom, Active | Jan 29, 2019 | £1M - £10M (As on Dec 31, 2025) | - | |
CONVEX EUROPE S.A. CIN: FC038597 , United Kingdom, Active | Jun 30, 2021 | - | 28 (As on Dec 31, 2024) |
Convex's acquisition details
Convex got acquired by Onex on Feb 06, 2026.
Click here to take a look at Convex's acquisition in detail
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Convex's funding and investors
Convex has raised a total funding of $2.3B over 3 rounds. Its first funding round was on Apr 30, 2019. Convex has 3 institutional investors.
Here is the list of recent funding rounds of Convex:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 01, 2024 | 8297758 | Series D | 9732766 | 6725403 | 6644171 | 7828382 |
Jan 15, 2021 | 2931366 | Series D | 7803108 | 2321984 | 9691035 | 1501071 |
Apr 30, 2019 | 7852095 | Series D | 7183741 | 2295011 | 7876930 |
View details of Convex's funding rounds and investors
Convex's founders and board of directors
Founder? Claim ProfileThe founders of Convex is Stephen Catlin. Stephen Catlin is the CEO of Convex.
Here are the details of Convex's key team members:
- Stephen Catlin: Co-Founder & CEO & Chairman of Convex. They are also an angel investor in 5 startups.Contact Info: 1 email address
Convex's Board of Directors
Convex's board has 8 active members. Matthew Wilson and Benjamin Meuli are part of team and Theodore Simon Acton Butt, Anna Elizabeth Tucker, Claus-michael Dill, Fiona Elizabeth Kermode, Kelly Lyles and William Clare Marcoux are independent board members.Here is the list of Convex's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
poaymex | Team | - | Current | 6y 5m |
h{hfjpm | Team | - | Current | 8y 6m |
Independent board member | - | Current | 5y 7m | |
{mdkjsp | Independent board member | - | Current | 5y 1m |
punzgww | Independent board member | - | Current | 2y 5m |
ydprerw | Independent board member | - | Current | 4y 2m |
ivfphrt | Independent board member | - | Current | 4y 4m |
hizccxf | Independent board member | - | Current | 7y 3m |
View details of Convex's Founder profiles and Board Members
Convex's employee count trend
Convex has 710 employees as of Aug 26. Here is Convex's employee count trend over the years:
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Convex's Competitors and alternates
Top competitors of Convex include ERS, Intact Ventures and Ascot Group. Here is the list of Top 10 competitors of Convex, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Convex 2019, London (United Kingdom), Acquired | Provider of international specialty insurance and reinsurance | $2.3B | 60/100 | |
2nd | ERS 1946, London (United Kingdom), Acquired | P&C insurance carrier | $350M | 55/100 | |
3rd | Intact Ventures 1809, Toronto (Canada), Public | Provider of insurance services and solutions for various industry sectors | - | 53/100 | |
4th | Ascot Group 2005, London (United Kingdom), Acquired | Provider of insurance solutions for cargo, casualty, financial and professional lines, and environmental concerns | - | 50/100 | |
5th | Pension Insurance Corporation 2006, London (United Kingdom), Acquired | Provider of liability and pension insurance services | $972M | 50/100 | |
6th | PHLY 1980, Bala Cynwyd (United States), Acquired | Premier national insurance carrier providing comprehensive coverage and risk management solutions | - | - | 49/100 |
7th | The Acorn Group 1981, St. Peter Port (United Kingdom), Late Stage | Insurance provider focused on non-standard policies for cars, vans, taxis, and households | - | 44/100 | |
8th | Ripe Insurance 1998, Manchester (United Kingdom), Acquired | Provider of range of specialist insurance products, including photography, caravan, motorhome, valuables, and sports insurance, tailored to specific industries and activities | - | - | 43/100 |
9th | Ageas 1824, Eastleigh (United Kingdom), Unfunded | Provider of car, home, van, travel, and pet insurance policies | - | - | 43/100 |
10th | Churchill 1990, London (United Kingdom), Unfunded | Provider of vehicle property and residential insurance coverage policy options | - | - | 40/100 |
Looking for more details on Convex's competitors? Click here to see the top ones
Convex's Investments and acquisitions
Convex has not made any acquisitions yet. Convex has made 6 investments.Here is the list of latest three $investments:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 14, 2026 | Investments | 2015 | Harwell (United Kingdom) | |
Dec 16, 2025 | Investments | 2020 | ||
Sep 19, 2024 | Investments | 2023 | Lyon (France) |
See all investments by Convex
Reports related to Convex
Here is the latest report on Convex's sector:
News related to Convex
Media has covered Convex for a total of 11 events in the last 1 year, 1 of them has been about people movement.
•
Convex Targets $200M of Retrocession with Fourth Hypatia Catastrophe BondArtemis•Apr 14, 2026•Convex
•
•
Onex Completes Convex Acquisition and Strategic Investment by AIGGlobeNewswire•Feb 07, 2026•Convex, Onex, AIG, AIG Hospitals
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Partners Group PE to sell Convex; investee Esentia lists in MexicoShareprices•Nov 27, 2025•Convex, Partners Group
•
Onex CEO Envisions Additional Insurance Transactions Following AIG AgreementInsurance Journal•Nov 10, 2025•Convex, Onex
•
IUA Names Convex’s Butt as Chair as McDonald’s 2-Year Term EndsInsurance Journal•Nov 10, 2025•Convex, SCOR
•
Onex and AIG to Acquire Convex for $7 Billion in Transformational InvestmentGlobeNewswire•Oct 30, 2025•Convex, Onex, AIG, Convex
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Rokstone Appoints Matt Bishop as Class Underwriter for New Casualty DivisionReinsurance News•May 12, 2025•Rokstone Underwriting, Aventum Group, Convex
•
Convex sees 2024 net income hit $506m as underwriting result improves 57%Reinsurance News•Mar 31, 2025•Convex
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