Convex Group New Ownership Structure
Convex Group Limited, the international specialty insurer and reinsurer, has successfully closed the transaction establishing its new, long term ownership structure led by Onex Corporation, with American International Group, Inc., following receipt of all regulatory approvals.
A spokesperson said, “Convex Group Limited, the international specialty insurer and reinsurer, today announces it has successfully closed the transaction establishing its new, long term ownership structure led by Onex Corporation, with American International Group, Inc., following receipt of all regulatory approvals.
“The transaction extends Convex’s partnership with Onex to a 63% equity stake and initiates its long-term strategic relationship with AIG, which has an approximately 35% equity stake. This new structure was previously announced on 30th October 2025 and can be found at convexin.com/2025/10/30/new-long-term-ownership.”
Stephen Catlin, Chairman, said: “We are delighted to announce the completion of this transaction, which secures the long-term independence of Convex and presents a range of exciting strategic opportunities. We would like to thank the regulators for their constructive engagement throughout the process and our financial and legal advisers for their efforts.”
Paul Brand, CEO, added: “This is a milestone for Convex. The transaction heralds the next phase of our development, strengthens our partnership with Onex, establishes a new relationship with AIG, and further enhances our ability to serve clients and brokers while pursuing future opportunities.”
A spokesperson added, “Evercore and JP Morgan acted as financial advisers and Weil, Gotshal & Manges acted as legal advisers to Convex.”
