Carlyle Group is set to acquire a stake in American International Group Inc.-owned DSA Reinsurance.
DSA currently reinsures $36 billion of AIG's Legacy Life and Annuity and General Insurance liabilities. By buying 19.9% of ownership in DSA, Carlyl extends its presence in the global insurance industry which is around $15 trillion in size. Other major asset management/private equity firms, Blackstone Group LP and Apollo Global Management LLC, already have investments in insurance platforms.