Catlin’s Convex adds $1bn to coffers
The move means the insurer has raised $2.7bn in the past 18 months.
Convex Group announced that it has secured commitments for an additional $1.0bn (£750m) of equity capital, subject to the requisite regulatory approvals.
The initial capital was raised from the Convex management team, Onex Partners V, Onex Corporation’s large-cap private equity fund, and a consortium of co-investors. This additional capital has been raised by the same investor group as well as additional new Onex co-investors.
Market
Founder Stephen Catlin said: “Onex and our existing investor
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