Convex reports 91.3% CR in Q1; confirms $3bn GWP target for year-end

Convex reported gross written premiums (GWP) of $971mn and a combined ratio of 91.3 percent for the first quarter of 2022, with the expansive reinsurer’s chairman and CEO Stephen Catlin reaffirming his confidence that the group will exceed its $3bn GWP target at year-end.