The structure gives AIG access to diversified specialty risk and fee income while deploying capital through both equity and reinsurance, and provides Convex and its new majority owner, Onex, with an anchor reinsurance partner. It also further aligns AIG with Onex’s asset management platform via the 9.9% stake in the Canadian-listed manager.
AIG takes 35% stake in Convex and 9.9% stake in Onex
