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Onex Corporation

12:59 PM EST - Onex Corporation : Today announced Onex Partners V and a consortium of co-investors have committed to invest $1.8 billion in Convex Group Limited, of which approximately $1.6 billion has been funded. Convex is a de novo specialty property and casualty insurance company headquartered in Bermuda with an office in London. The company will write insurance and reinsurance with a focus on underwriting complex specialty risks across a diversified range of business lines. Onex Corporation shares T.ONEX are trading up $0.40 at $78.35.