Carlyle to pay $1.8B for AIG’s Fortitude Re stake

The Carlyle Group and T&D Holdings have agreed to acquire AIG’s 76.6% stake in Fortitude Re for about $1.8 billion. Following closure, Carlyle will own 71.5% stake in the target, while T&D and AIG will hold 25% and 3.5%, respectively. The private equity firm’s ownership includes the nearly 20% it acquired in November last year. […]