Convex Group Limited (“Convex”) today announces that the UK branch of its recently established Luxembourg based European insurer, Convex Europe SA, (“CES”) has received approval from the Financial Conduct Authority and the Prudential Regulation Authority, effective immediately.
CES is now able to write European business via its UK branch in London. CES provides a full service insurance solution within the European Economic Area (“EEA”) which enables Convex to write business across the EEA.
Theo Butt, CEO Convex Insurance UK Ltd, said: “We are delighted that the UK branch of CES has received approval from both UK regulatory bodies. This cements our commitment to becoming the market of choice for complex risk clients, and further enables us to establish relationships with and provide high-quality solutions for new and existing European clients.”