Onex and AIG to acquire Convex for $7bn.

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, for $7bn. “Watching Stephen, Paul and the entire Convex team create this much operational scale and value from a standing start six years ago has been remarkable. We’re grateful for their partnership and for delivering such a terrific outcome for OP V and our partners,” Adam Cobourn, Onex Partners Managing Director.