Onex completes acquisition of Convex Group in partnership with AIG

NodeGuardian · 2026-02-24T12:13:22+00:00

Onex Corp. has completed a US$7 billion acquisition of Convex Group Ltd., holding 63% ownership, while AIG has 35% and management retains the rest. AIG also acquires a 9.9% stake in Onex and commits US$2 billion to its strategies.

NodeGuardian

2026-02-24 12:13:22

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Onex Corp. has finalized its US$7 billion acquisition of Convex Group Ltd., a specialty property and casualty insurance and reinsurance business, in collaboration with American International Group Inc. Onex will hold approximately 63% ownership, AIG 35%, and Convex management the remainder. This deal also includes AIG acquiring a 9.9% stake in Onex and committing US$2 billion to Onex-managed strategies over three years.

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