Convex Group has announced the launch of Kinetic Insurance Services, a wholly-owned managing general agency led by Theo Butt, former CEO of Convex Insurance UK Ltd.
The MGA has received regulatory approval from the Financial Conduct Authority and is expected to begin trading in the fourth quarter of 2026.
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, added: “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."
Based in the UK, Kinetic will focus on specialty and niche lines, backed by Convex and third-party capacity.
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