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AIG seals 35% stake in Convex and 9.9% stake in Onex
American International Group (AIG) has finalized strategic minority investments in Convex Group and Onex Corporation, acquiring a 35% stake in Convex for $2.1 billion and a 9.9% stake in Onex for $642 million. These investments are part of AIG’s strategy to expand its role in global specialty re/insurance and alternative assets, supported by a new reinsurance partnership with Convex. The deal is expected to enhance AIG’s long-term earnings and capital efficiency starting in 2026, through diversified specialty risk and fee income.