Catlin steps down as chairman of Convex, Le Blanc appointed

Convex Group has announced that Stephen Catlin has stepped down as chairman, with Bobby Le Blanc appointed to the role as part of a planned leadership transition.

Catlin (pictured) will remain on the board as a director and has been given the honorary title of founder and life president, reflecting his role in building the business since its launch in 2019.

In the new position, he will continue to provide strategic counsel, mentor the executive team and act as an ambassador for the company’s global initiatives.

The move comes shortly after Convex confirmed its new long-term ownership structure led by Onex Corporation, with American International Group as a minority investor.

Paul Brand, CEO of Convex, said Catlin’s influence on both the company and the wider market has been significant.

“Stephen’s contribution to the success of Convex and to the insurance industry is immeasurable. He has been a colleague, mentor and friend for nearly 40 years,” he said.

“He has built two globally renowned insurance businesses and has been integral to securing Convex’s long-term independent future following our re-capitalisation by Onex and AIG,” Brand continued.

“I could say we will miss him, but he will stay very involved with our business. He will also continue to lead our involvement with the Convex Seascape Survey and several other sustainability initiatives,” he added.

Catlin said he would remain closely engaged with the business as it enters its next phase.

“I am immensely proud of our achievements at Convex over the past seven years. To have built another global carrier in a quarter of the time it took to build the first is no small feat,” he said.

“However, Convex would not exist without the incredible team around me or our market partners,” Catlin continued.

“I look forward to continuing to help grow the business whilst providing support to the next generation of leadership as we continue to redefine what insurance can become in an ever-changing world,” he added.

Le Blanc, who has served on the Convex board since its formation and leads its majority shareholder Onex, said he was honoured to take on the role.

“I am incredibly honoured to be asked to become the Chairman of Convex. I look forward to Stephen’s continued wise counsel, mentorship and friendship; he is a leading voice in the industry and has helped lead Convex on an exceptional journey since its creation,” said Le Blanc.

“He is an insurance legend, and I am delighted that he has agreed to remain on the board. He has helped create significant value for both Convex and Onex and shareholders and will continue to help develop our market leadership position,” he added.