Onex and AIG completed the acquisition of Convex for $7bn.

Onex, a private equity firm, and AIG, an insurance, life insurance, and financial services company, completed the acquisition of Convex, an international specialty insurer and reinsurer, for $7bn. “We could not be more pleased to announce the completion of our minority ownership stakes in Convex and Onex and are confident that these long-term investments will continue to strategically position AIG for growth in the future and will be accretive to AIG’s earnings and return on equity in 2026 and in future years,” Peter Zaffino, AIG Chairman & Chief Executive Officer.