AIG and Canadian asset manager Onex have joined forces to acquire specialty re/insurer Convex in a US$7bn deal.

AIG and Canadian asset manager Onex have joined forces to acquire specialty re/insurer Convex in a US$7bn deal.

American International Group (AIG) and Canadian investment firm Onex Corporation have agreed to acquire specialty insurer Convex Group in a transaction valued at $7 billion, marking one of the largest...

WestJet plans an IPO after Onex sells 25% stake to Delta, Korean Air, and Air France-KLM, strengthening global partnerships and fleet expansion.

AIG (NYSE: AIG) announced strategic minority investments in Convex Group and Onex Corporation on October 30, 2025. AIG will acquire a 35% stake in Convex for approximately $2.1 billion and participate in a whole account quota share of Convex’s underwriting portfolio commencing January 1, 2026. AIG will also buy a 9.9% stake in Onex for about $646 million and commit $2.0 billion to Onex investment funds over three years with preferred access. Onex will hold a 63% ownership of Convex after the transactions. Both deals are expected to be accretive to earnings and return on equity in the first year post closing and are projected to close in H1 2026, subject to regulatory approvals and customary conditions.

Onex sells 25% of WestJet to Delta, Korean Air and Air France-KLM, enhancing international partnerships and growth prospects.

WestJet's owner Onex closed the sale of a 25% stake to Delta, Korean Air, and Air France-KLM on October 22, 2025, aligning partners and expanding codeshare reach.

WestJet has closed a deal on a sale it proposed earlier this year, selling 25 per cent of its stakes to other airlines.

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Hero MotoCorp, the world’s largest two-wheeler manufacturer, has officially entered the Spanish market, marking its 50th international presence. Partnering with Noria Motos, part of the ONEX Group, the brand is set to offer Spanish riders a mix of adventure, performance, and everyday practicality through its Euro 5+ compliant Xpulse 200 4V, Xpulse 200 4V Pro, and Hunk 440 models. To ensure strong market reach, Hero plans to establish 30+ sales and service outlets initially, expanding to over 50 by 2026 and 100 by 2028, backed by a robust aftersales and technical support network.

Les 3 et 4 octobre, Onex accueille la 4e édition de Mauvais Genre, festival de littérature de genre: polar et roman noir, science-fiction, fantasy,

Les 3 et 4 octobre, Onex accueille la 4e édition de Mauvais Genre, festival de littérature de genre: polar et roman noir, science-fiction, fantasy,

Senior managing director at Onex Corp. and one-time chief of staff to former prime minister Stephen Harper dead at age 62. Read more here