About Convex Insurance
Convex Insurance is a company based in London (United Kingdom) founded in 2019 by Paul Brand and Stephen Catlin was acquired by Onex in February 2026. It operates as a Professional Services. Convex Insurance has raised $3.3 billion across 4 funding rounds from investors including Onex, Sixth Street and PSP Investments. Convex Insurance offers products and services including Specialty Insurance, Reinsurance, and Event Insurance.
- Headquarter London, United Kingdom
- Founders Paul Brand, Stephen Catlin
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Convex Group Limited
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Products & Services of Convex Insurance
Convex Insurance offers a comprehensive portfolio of products and services, including Specialty Insurance, Reinsurance, and Event Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Specialty insurance solutions are provided for diverse risks.
Reinsurance services are offered to mitigate client risks.
Event insurance is provided for various event types.
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Software Development Team
58 people
Head Team
28 people
Leadership Team
24 people
Finance and Accounting
16 people
Board Team
10 people
Human Resources and Administration
7 people
Operations Team
6 people
Data Analysis and Operations Team
5 people
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Funding Insights of Convex Insurance
Convex Insurance has successfully raised a total of $3.3B across 4 strategic funding rounds. The most recent funding activity was a Series A round of $405 thousand completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $405,000
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First Round
First Round
(30 Apr 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - Convex Insurance | Valuation |
investors |
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| Jan, 2021 | Amount | Series A - Convex Insurance | Valuation | Sixth Street |
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| Nov, 2020 | Amount | Seed - Convex Insurance | Valuation | GIC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Convex Insurance
Convex Insurance has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Onex, Sixth Street and PSP Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Limited information is provided about Onex's activities.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Convex Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Convex Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Convex Insurance Comparisons
Competitors of Convex Insurance
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Convex Insurance
Frequently Asked Questions about Convex Insurance
When was Convex Insurance founded?
Convex Insurance was founded in 2019.
Where is Convex Insurance located?
Convex Insurance is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Convex Insurance?
Paul Brand is the current CEO of Convex Insurance. They have also founded this company.
Is Convex Insurance a funded company?
Convex Insurance is a funded company, having raised a total of $3.3B across 4 funding rounds to date. The company's 1st funding round was a Seed of $1B, raised on Apr 30, 2019.
What does Convex Insurance do?
Convex Insurance is involved in offering international specialty insurance and reinsurance services. Operations are conducted across Bermuda, London, Europe, and the US. Digital risk management solutions are also provided to clients. The company focuses on sustainable underwriting and innovative approaches to meet client needs in various sectors. Partnerships, such as the Convex Seascape Survey, are established to support ocean research and combat climate change. A unique position in the industry is maintained through experienced teams and a legacy-free balance sheet.
What products or services does Convex Insurance offer?
Convex Insurance offers Specialty Insurance, Reinsurance, and Event Insurance.
Who are Convex Insurance's investors?
Convex Insurance has 4 investors. Key investors include Onex, Sixth Street, PSP Investments, and GIC.