May 8, 2021
Business News

AM Best Revises Outlooks to Positive for Convex Group Limited’s Subsidiaries

LONDON–()–AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Convex Insurance UK Limited (Convex UK) (United Kingdom) and Convex Re Limited (Convex Re) (Bermuda). Both entities are wholly owned subsidiaries of Convex Group Limited (Convex) (Bermuda), the non-operating holding company of the group.

The ratings reflect Convex’s consolidated balance sheet strength, which AM Best assesses as very strong, as well as the group’s adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings factor in the strategic importance of Convex UK and…

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