Convex reveals GWP approaching $6bn and profit growth for 2025 in run-up to AIG deal

Convex Group grew gross written premium by 14% in 2025 to $5.88bn (£4.35bn) as it made a net profit for the third year in a row ahead of sealing investment from AIG.The international specialty insurer and reinsurer’s combined operating ratio deteriorated year-on-year from 87.3% to 89%.However its net income jumped just over 40% to $711m.AIG took a 35% equity investment in Convex and Onex Corporation reinvested as a majority shareholder with a 63% stake in a deal that was announced last October and  complete ...