Convex Group has received in principle approval to launch Lloyd’s Syndicate 1984.

Slated to commence underwriting in April 2025, Syndicate 1984 will be led by active underwriter, Jacqueline Wiffen, UK CUO for insurance at Convex, and has an initial target to underwrite £150m of GWP in 2025. It will underwrite some reinsurance of Convex and selected lines of international business including accident and health, casualty, crisis management, ELA, energy, marine, political risk and property.

Paul Brand, CEO, Convex Group, said: “Convex is always looking for new opportunities to develop its business both in Bermuda, London and elsewhere. Lloyd’s is a core insurance market and part of Convex management’s DNA. Entering Lloyd’s has always been a distinct possibility and we feel that now is the right time to enter this fantastic marketplace. I thank our partners for their support during this launch. We look forward to bringing new business to Lloyds' unique and innovative marketplace and building a leading syndicate together.”

Jacqueline Wiffen, active underwriter, Convex Syndicate 1984, added: “I am excited to have been named active underwriter of the new syndicate. Convex has an amazing track record and I look forward to leading the new syndicate for the benefit of our clients and the wider market.”

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