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Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
Onex will own a 63 percent stake in Convex and AIG will control 35 percent.
The deal continues Convex’s relationship with Onex and begins a new era with AIG.
“This transaction positions us better than ever to service our clients and brokers and take advantage of the future market opportunities,” said Convex co-founder and CEO Paul Brand.
Peter Zaffino, AIG chief, called Convex “ a top performing global specialty company that we believe will drive incremental earnings growth for AIG.”
The transaction is expected to close during the first-half of 2026.
London’s Haggie Partners has partner Peter Rigby and account director Olivia Thomson working the deal.
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Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
