Onex Corporation invested $1.8bn in Convex Group.

Private equity firm Onex Corporation invested $1.8bn in Convex Group, a de novo specialty property and casualty insurance company headquartered in Bermuda with an office in London. “Onex has a track record of successful investing in the insurance industry and a consistent view of the market opportunity making it the ideal partner for us,” said Stephen Catlin, Chairman and Chief Executive Officer of Convex. “With Onex’ support, Convex is uniquely positioned to provide a high touch, client-service focused approach and leverage innovative and proprietary technology to enhance the value we bring to our clients.”