Convex Group has launched Kinetic Insurance Services, a technology-enabled managing general agent (MGA) focused on specialty and niche insurance risks, as the group looks to expand its delegated underwriting capabilities and create a new growth channel.
The UK-based MGA, which has already secured regulatory approval from the Financial Conduct Authority (FCA), is expected to begin trading in Q4 2026.
Kinetic Insurance Services will operate as a wholly owned MGA targeting specialty business lines that complement, but remain distinct from, Convex’s core underwriting portfolio. The platform will leverage both third-party capacity and Convex’s underwriting expertise to deliver tailored risk solutions for brokers and clients globally.
The launch reflects growing momentum in the MGA market, where carriers and reinsurers are increasingly using delegated authority models to access specialist risks more flexibly, improve capital efficiency, and respond faster to evolving underwriting opportunities.
Kinetic is designed to focus on niche and emerging risk categories that require specialist underwriting expertise and greater agility than traditional carrier models often allow.
Technology will sit at the centre of the MGA’s proposition, with Convex positioning Kinetic as a data-led platform aimed at streamlining delegated underwriting and broker interactions. The business will incorporate advanced analytics and digital distribution tools to improve transparency, pricing accuracy, and customer service.
Theo Butt said: “This strategic initiative aims to establish a market-leading MGA built on the principles Convex is renowned for – underwriting excellence, technology-driven innovation, and exceptional customer experience – creating a complementary pillar within our broader portfolio.”
Leadership of the new business will be overseen by Theo Butt, formerly CEO of Convex Insurance UK. Meanwhile, Anne Middleton has been appointed to succeed Butt in the UK business.
Paul Brand 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.”
Strategically, the launch underscores increasing interest among global carriers and reinsurers in MGA structures as a scalable route to accessing specialist risks, particularly as technology and delegated underwriting models reshape the specialty insurance market.
