AIG closes on strategic stakes in Convex Group and Onex Corp

AIG closes on strategic stakes in Convex Group and Onex Corp

AIG has taken a strategic minority stake in international specialty insurer and reinsurer Convex Group Ltd, the privately held carrier operating out of Bermuda and London. AIG has acquired about a 35 ...

Convex Group Closes on Onex Equity Deal

The word from Convex Group, as complete a deal with Onex; Convex Group Limited (“Convex”), the international specialty insurer and reinsurer, has announces it has successfully closed the transaction establishing its new, long term ownership [...] The post Convex Group Closes on Onex Equity Deal appeared first on .

AIG Completes Acquisitions of Strategic Minority Ownership Stakes in Convex Group and Onex Corp.

NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today announced that it has completed the acquisitions of strategic minority ownership stakes in Convex Group Limited, a privately held, global specialty insurer, and Onex Corporation (TSE: ONEX), a publicly traded global asset manager. Pursuant to these transactions, AIG has acquired an approximately 35% equity interest in Convex for approximately $2.1 billion, and a 9.9% o…