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

Group 1 - American International Group, Inc. (AIG) has completed acquisitions of minority ownership stakes in Convex Group Limited and Onex Corporation, enhancing its strategic positioning for future growth [1][2] - AIG acquired approximately 35% equity interest in Convex for about $2.1 billion and a 9.9% ownership stake in Onex for approximately $642 million, with Onex becoming the majority shareholder in Convex with a 63% ownership interest [2] - AIG's CEO, Peter Zaffino, expressed confidence that these long-term investments will be accretive to AIG's earnings and return on equity in 2026 and beyond, with AIG beginning participation in Convex's business starting January 1, 2026 [3]