Carlyle Makes a Big Move Into Insurance

Carlyle Makes a Big Move Into Insurance
This Sept. 17, 2008 file photo shows the logo of American International Group Inc. outside their office in the lower Manhattan area of New York. Photo credit should read STAN HONDA/AFP/Getty Images
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Carlyle Group LP is buying a stake in an American International Group Inc.-owned firm as alternative investment managers seek to load up on insurance assets and get more business from an industry desperate for higher returns.