Onex Announces Transformational Investment and New Strategic Relationship to Drive Enterprise Growth and Shareholder Value
Onex and AIG to acquire Convex, a leading specialty property and casualty (re)insurer that has delivered industry leading growth and strong underwriting profitability, for $7 billion. Onex to own 63% of Convex, AIG to own 35%, with the balance owned by the Convex management team. AIG to acquire a 9.9%......