Insurers Seeing Private Equity Enter Investment Portfolios And The Boardroom

By all accounts, the deal announced in July between Blackstone and American International Group Inc. was notable in size and scope. The private equity firm will spend $2.2 billion to buy a 9.9% stake in AIG's Life& Retirement group in an all-cash transaction. At the same time, Blackstone plans to acquire AIG's interests in a U.S. affordable housing portfolio for…