Appleby acted as Bermuda counsel to Convex Group, a newly launched specialty re/insurer.

The group has been capitalised initially with approximately USD 1.6 billion of common shareholders' equity, drawn from a USD 1.8 billion facility provided by a consortium of investors. Convex Group Limited is a specialty insurer and reinsurer focused on complex risks founded by Stephen Catlin and Paul Brand, with operations in Bermuda and London.

Partner Brad Adderley led the deal for Appleby and was assisted by Partner Gary Harris, Associate Josephine Noddings and Associate Shannon Cann.