Convex deal adds an unexpected flavour to this M&A cycle
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Convex deal adds an unexpected flavour to this M&A cycle

The deal confers a high multiple on Convex and gives AIG re/specialty exposure.

By Rachel Dalton Adam McNestrie
November 03, 2025
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Carrier M&A was to be expected at this stage in the cycle, but some of the permutations that have emerged are surprising – and the three-way Onex-AIG-Convex deal is probably the standout to date.

It

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Topics

Analysis Reinsurance Specialty lines Insurers Reinsurers Private equity M&A London market Convex AIG
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