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AIG to expand Bermudian unit's operations


Insurer American International Group Inc. is looking to expand Bermuda-based unit DSA Reinsurance Co.'s operations to provide reinsurance, claims handling, and run-off management for long-dated risks worldwide, The Royal Gazette reported. DSA Re currently reinsures $36 billion of AIG’s general insurance, legacy life and annuity liabilities. AIG has partnered with U.S.-based investment firm The Carlyle Group L.P., under which Carlyle will buy 19.9% stake in DSA Re.

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