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The insurer paid tribute to the executive’s lasting contributions to the firm. -
The fundraising structure for the deal includes a $600mn Convex debt raise.
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The broker has more than 20 years’ experience in the energy market.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Brokers may encourage clients to capitalise on falling rates by boosting coverage.
