U.S. insurer American International Group Inc. said on Monday it would sell a major portion of its stake in reinsurer Fortitude Re to buyout fund Carlyle Group and Japanese insurer T&D Holdings for about $1.8 billion. Following the deal, AIG’s stake in the company will drop to 3.5% from about 80%, while Carlyle’s ownership in… Continue reading AIG to Sell 76.6% Stake in Fortitude Re for $1.8 Billion
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