Paul Simons joins as depty CEO from AXA XL where he was most recently CEO of Bermuda Reinsurance

Convex Re Limited has appointed Paul Simons as deputy chief executive officer and has promoted Richard Slater to chief underwriting officer (CUO), replacing Ben Savill.

Both will assume their roles in December and will be based in Bermuda. They will report to Matt Paskin, current Group CUO Reinsurance and CEO of Convex Re Limited.

Simons brings his outstanding reputation and more than 25 years of experience in the Bermudian reinsurance market to Convex. He joins from AXA XL, having previously worked for its predecessor companies XL Catlin, XL Re and XL Mid Ocean.

Since 1994 Simons has held a number of senior industry positions, most recently as CEO of Bermuda Reinsurance AXA XL.

Slater joined Convex in 2019 as product leader of international property treaty. Before joining Convex, he held a number of senior positions in the retro, ILS and international property treaty markets for companies such as Brit’s Sussex ILS fund, XL Catlin, Montpelier Re and ACE Tempest Re.

Paskin said: “Paul has an impressive reputation and is an undisputed leader on the island. His extensive experience and insight will be invaluable as we continue to fulfil the promise we made to become a world class company for the 2020s, delivering exceptional client service. We welcome him to the team.

“Since joining in 2019, Richard has made tremendous contributions to Convex including developing our international property treaty class of business into the leading team it is today. This is a well-deserved promotion.”