Theo Butt will lead the new UK-based MGA, while Anne Middleton has taken over as CEO of Convex UK
Convex has launched Kinetic Insurance Services, a wholly owned, technology-enabled MGA expected to begin trading in Q4 2026.
The MGA has received FCA regulatory approval and will be led by Theo Butt, former CEO of Convex Insurance UK.
Anne Middleton has taken over as CEO of Convex UK.
Kinetic will be based in the UK and will target specialty and niche lines of business that complement Convex’s existing portfolio.
Convex said the platform will be backed by Convex and third-party capacity.
The MGA will use technology and underwriting expertise to deliver tailored solutions for clients and brokers.
Paul Brand, CEO of Convex Group, said: “Convex is always looking for new opportunities to develop its business both in Bermuda, London and elsewhere.
“The MGA structure offers flexibility to capital providers reinsurers and business partners.
“Using our capability for writing delegated business we believe that this business will become a major part of Convex’s future growth.”
Doug Howat, group chief underwriting officer of insurance and reinsurance at Convex, said the MGA market presents “compelling opportunities”.
“Through Kinetic, we’ll access new and emerging markets, delivering quality products underpinned by innovation, strong customer service, and integrity, creating real value for brokers and clients alike.
“I’m excited to support Theo and the team as this venture takes shape.”
Butt said the launch was intended to establish a market-leading MGA based on Convex’s existing underwriting and service principles.
“This strategic initiative aims to establish a market-leading MGA built on the principles Convex is renowned for, underwriting excellence, technology-driven innovation, and exceptional customer experience, creating a complementary pillar within our broader portfolio.
“Operating with a differentiated risk appetite and the agility of the MGA model, Kinetic will attract high-calibre talent drawn to Convex’s established infrastructure.
“We have strong conviction in its long-term growth potential and the meaningful value it will generate for the organisation,” he added.
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