Announced
Financials
Sources
Tags
Minority
Acquisition
Cross Border
Friendly
Property and Casualty Insurance
property & casualty insurance
insurance & reinsurance services
Bermuda
Private Equity
Pending
Private
Single Bidder
Synopsis
Investment companies Onex, PSP and GIC agreed to invest $1bn in Convex, a specialty insurer and reinsurer, together with a consortium of existing and new co-investors. "Onex and our existing investor base have provided us with tremendous support in building the business and we welcome the new investor partners, including GIC. We are delighted to have additional capital as this will enable us to take full advantage of the hardening market," Stephen Catlin, Convex CEO.
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