American International Group (AIG) and The Carlyle Group (Carlyle) have entered into a strategic asset management relationship with DSA Re, through which they plan to position DSA Re as a standalone platform to provide solutions for insurance liabilities around the world.
AIG established DSA Re in February 2018 as a Bermuda-based, composite reinsurer of its legacy insurance portfolio, consolidating its non-core insurance lines under a specialized team with expertise in run-off. The firm currently reinsures US$36 billion of AIG’s legacy life and annuity and general insurance liabilities. It has a diversified risk portfolio, strong claims operation, and efficient administration capabilities, which AIG hopes to scale with Carlyle’s backing.
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