Convex Group Limited, an international specialty insurer and reinsurer, has finalized its new long-term ownership structure. The transaction sees Onex Corporation increase its equity stake to 63% and establishes a new strategic relationship with American International Group, Inc. (AIG), which now holds approximately 35% equity. This new structure secures Convex’s independence and opens doors for future strategic opportunities.
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Convex Group New Ownership Structure
Convex Group Limited, an international specialty insurer and reinsurer, has finalized its new long-term ownership structure. The transaction sees Onex Corporation increase its equity stake to 63% and establishes a new strategic relationship with American International Group, Inc. (AIG), which now holds approximately 35% equity. This new structure secures Convex’s independence and opens doors for future strategic opportunities.