Onex and AIG to acquire Convex in a $7bn deal.

Onex, a private equity firm, and AIG, an insurance, life insurance, and financial services company, agreed to acquire Convex, an international specialty insurer and reinsurer, in a $7bn deal. Following the acquisition, Onex and AIG will own approximately 63% and 35%, respectively, of Convex, with the remainder held by the Convex management team.