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AM Best Revises Outlooks to Positive for Convex Group’s Subsidiaries
April 23, 2021
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Convex Insurance UK Ltd. and Convex Re Ltd. Both entities are wholly owned subsidiaries of Convex Group Ltd., the Bermuda non-operating holding company of the group.
The ratings reflect Convex’s consolidated balance sheet strength, which AM Best assessed as very strong, as well as the group’s adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings factor in the strategic importance of Convex UK and Convex Re to Convex Group. ....

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