AIG to acquire minority stakes in Convex Group and Onex Corporation

American International Group (AIG) has announced plans to acquire minority stakes in both specialty insurer Convex Group and asset manager Onex Corporation. Under the proposed agreements, AIG intends to obtain a 35% equity stake in Convex Group for around $2.1bn, as well as a 9.9% stake in Onex Corporation for about $646m. The deals are expected to close in the first half of 2026, contingent on regulatory clearance and customary closing requirements. Convex Group, which started operations in 2019, opera ...