Convex Group Secures In-Principle Approval to Launch Lloyd’s Syndicate 1987
Specialty reinsurer Convex Group has received in-principle approval from the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) for its second Lloyd's syndicate, number 1987. The new syndicate is set to begin underwriting on July 1, 2026, pending final regulatory approvals.