REG - Convex Group Ltd - Regulatory Approval

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09/02/2026 08:00

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RNS Number : 1374S  Convex Group Ltd  06 February 2026

Press Release

 

 

 

 

 

 

Press release

 

Convex's new ownership structure receives regulatory approval

 

HAMILTON, BERMUDA, 06 February 2026

Convex Group Limited ("Convex"), the international specialty insurer and
reinsurer, today announces it has successfully closed the transaction
establishing its new, long term ownership structure led by Onex Corporation
("Onex"), with American International Group, Inc. ("AIG"), following receipt
of all regulatory approvals.

The transaction extends Convex's partnership with Onex to a 63% equity stake
and initiates its long-term strategic relationship with AIG, which has an
approximately 35% equity stake. This new structure was previously announced on
30(th) October 2025 and can be found at
https://convexin.com/2025/10/30/new-long-term-ownership/
(https://convexin.com/2025/10/30/new-long-term-ownership/) .

Stephen Catlin, Chairman, said: "We are delighted to announce the completion
of this transaction, which secures the long-term independence of Convex and
presents a range of exciting strategic opportunities. We would like to thank
the regulators for their constructive engagement throughout the process and
our financial and legal advisers for their efforts."

Paul Brand, CEO, added: "This is a milestone for Convex. The transaction
heralds the next phase of our development, strengthens our partnership with
Onex, establishes a new relationship with AIG, and further enhances our
ability to serve clients and brokers while pursuing future opportunities."

Evercore and JP Morgan acted as financial advisers and Weil, Gotshal &
Manges acted as legal advisers to Convex.

- ENDS -

About Convex

Convex Group is an international specialty insurer and reinsurer focused on
complex specialty risks across a diverse range of business lines. The company
brings together best in class talent, a diversity of thought and the freedom
and independence of a strong balance sheet to create a fresh approach to
business.
The Group's ambition is to offer something different to its clients and to
engage with them in a true partnership based on fairness, dignity and respect.
Convex was founded by Stephen Catlin and Paul Brand and operates out of London
and Bermuda. The company has an "A" (Excellent) A.M. Best rating and an "A"
with stable outlook S&P rating.

www.convexin.com (http://www.convexin.com)

About Onex

Onex invests and manages capital on behalf of its shareholders and clients
across the globe.  Formed in 1984, we have a long track record of creating
value for our clients and shareholders.  Our investors include a broad range
of global clients, including public and private pension plans, sovereign
wealth funds, banks, insurance companies, family offices and high-net-worth
individuals.  In total, Onex has approximately $57.2 billion in assets under
management, of which $8.5 billion is Onex's own investing capital.

With offices in Toronto, New York, New Jersey and London, Onex and its
experienced management teams are collectively the largest investors across
Onex's platforms. Onex is listed on the Toronto Stock Exchange under the
symbol (TSX:ONEX).

For more information on Onex, visit its website at www.Onex.com
(http://www.Onex.com) . Onex's security filings can also be accessed at
www.sedarplus.ca (http://www.sedarplus.ca) .

About AIG

AIG, Inc. (NYSE:AIG) is a leading global insurance organization. AIG provides
insurance solutions that help businesses and individuals in more than 200
countries and jurisdictions protect their assets and manage risks through AIG
operations, licenses and authorizations as well as network partners.

For additional information, visit www.aig.com (http://www.aig.com) .

For media inquiries, please contact:

Haggie Partners:                +44 (0) 20 7562 4444

David Haggie                       +44 (0)77 6833 2486

Olivia Thomson                   +44 (0) 77 5953 5277

Olivia.Thomson@haggiepartners.com (mailto:Olivia.Thomson@haggiepartners.com)

convex@haggiepartners.com (mailto:convex@haggiepartners.com)

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