Quotech and Provectus power Convex’s AI underwriting platform for Kinetic
Convex’s new MGA Kinetic launched with Quotech and Provectus tooling baked in, turning AI underwriting into a launch-day feature rather than a retrofit.
Convex launched Kinetic Insurance Services on June 3 with AI underwriting tools from Quotech and Provectus already wired into the new MGA, not bolted on later. The UK-based platform has FCA regulatory approval and is due to start trading in the fourth quarter of 2026.
Theo Butt, formerly chief executive of Convex Insurance UK Ltd., leads Kinetic, while Anne Middleton moved into the CEO role at Convex UK. Kinetic will target specialty and niche lines that complement its existing portfolio.
Quotech worked with Provectus, an AI systems integrator, to develop new underwriting tools for Kinetic. Provectus previously built a generative AI document-intelligence workflow for Convex that turned a 100-page engineering risk report into a structured summary. Provectus's workflow cut a process that used to take hours to about 10 minutes and let underwriters triage 100 times more risk reports against the same book.
The new platform is intended to be a market-leading MGA built on underwriting excellence, technology-driven innovation and customer experience. The MGA structure offers flexibility to capital providers, reinsurers and business partners. Delegated business could become a major part of future growth.
The group posted 2025 gross written premium of $5.879 billion, net income of $711 million and a combined ratio of 89.0 percent. In 2024 it posted $5.166 billion of gross written premium and a combined ratio of 87.6 percent; in 2023, gross written premium was $4.2176 billion and the combined ratio was 89.6 percent. The company, founded by Stephen Catlin and Paul Brand, operates across Bermuda, London, Europe and the United States and holds A.M. Best A Excellent and S&P A ratings.
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