AIG to Invest $5B in Convex and Onex, Shaping Future of Specialty Insurance

American International Group plans a $5 billion investment in Convex Group and Onex Corporation, signaling a strategic shift in specialty insurance under CEO Peter Zaffinos leadership.

• American International Group will invest $5 billion in Convex Group and Onex Corporation, with the initial $3 billion commitment followed by an additional $2 billion over three years.
• The investment deal is currently under regulatory review and is expected to close in the first half of 2026, reflecting AIGs focus on enhancing its specialty insurance offerings.
• AIGs Chief executive officer, Peter Zaffino, aims to reposition the insurance giant by diversifying its portfolio and leveraging equity finance opportunities through this significant investment.