Specialty insurer and reinsurer, Convex Group Limited, has received US$500 million (SG$665.1 million) in committed preferred equity capital from affiliates of global investment firm Sixth Street, bringing its total committed capital to over US$3.2 billion.
Sixth Street is a global investment firm with over US$50 billion in assets under management. It is an active global investor in insurance and reinsurance businesses through its US$24 billion Sixth Street TAO platform. Its recent investment follows Convex’s recent US$1 billion capital raise from a consortium led by Onex and GIC.
Stephen Catlin, the chief executive officer of Convex, said the investment provides the