AIG Completes Acquisitions of Strategic Minority Stakes in Convex Group and Onex Corporation

Onex Completes Acquisition of Convex Group and Strategic Investment by AIG

February 6, 2026

Insurance

Onex completed its acquisition of Convex Group and related ownership changes, which received regulatory approval as part of the transaction process. AIG also completed acquisitions of strategic minority ownership stakes alongside the Convex transaction.

Onex Acquires Convex Group Limited in Partnership with AIG

February 6, 2026

Insurance

Onex Corporation completed its previously announced $7 billion acquisition of Convex Group Limited, making Convex a core platform for Onex alongside its private equity and credit strategies. American International Group (AIG) co-invested, taking about a 35% stake in Convex and subscribing for a 9.9% holding in Onex, alongside committing $2 billion to Onex-managed private equity and credit strategies over the next three years.

Onex Partners V Makes Equity Investment in Wealth Enhancement Group

October 1, 2021

Financial Services

Onex Partners V, together with certain co-investors including Onex Corporation, completed an equity investment in Wealth Enhancement Group (WEG), joining existing investor TA Associates as equal capital partners. The transaction (Onex's share ~US$250 million) will support WEG's next stage of organic growth and M&A expansion while the firm remains privately held under its existing management team.

Advisor Group Acquires Infinex Financial Holdings

May 19, 2022

Financial Services

Advisor Group has signed a definitive agreement to acquire Infinex Financial Holdings, the holding company of a broker-dealer that supports banks, credit unions and institution-based advisors. Infinex, headquartered in Meriden, Connecticut, oversees roughly $30 billion in client assets and more than 750 financial professionals; the deal expands Advisor Group's presence in the financial institution channel and is subject to FINRA and other regulatory approvals.

Accenture Acquires ON Service GROUP

October 24, 2023

Professional Services

Accenture has acquired ON Service GROUP, a Germany-based provider of insurance business process services with offices in Siegburg, Hamburg and Munich and more than 200 professionals. The deal (terms undisclosed) expands Accenture Operations' insurance capabilities in Germany across sales and broker support, policy administration, customer support and process transformation.

Generali Acquires Conning Holdings Limited

April 3, 2024

Financial Services

Generali Investments Holding S.p.A. (part of Generali Group) has completed its acquisition of Conning Holdings Limited. Cathay Life contributed its ownership in Conning to GIH in exchange for a stake in GIH and will continue a strategic partnership while Conning will operate under its current leadership to accelerate its growth strategy.