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Blackstone has agreed to acquire a minority stake in AIG's life and retirement business for $2.2 billion in cash.
Avance Investment Management has made a significant investment in UniVista Insurance, a franchisor of insurance-related products and services.
Aspida, an indirect subsidiary of Ares Management Corporation, has acquired Global Bankers Insurance Group, an insurance service provider and operations company.
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BMHS Investments has made an investment in King Surance, an insurance brokerage firm.
Houlihan Lokey Inc has acquired Baylor Klein, a boutique advisory firm.
Montana co-founders Christian Diller and Marco Wulff will continue to manage the business as co-CEOs. 
Apex Group has acquired Mola-administration GmbH, a German fund administrator.
FTV Capital has invested $100 million in LoanPro, a SaaS-based loan management company.
Abry Partners and Hoplon Capital have acquired Concentrix Corporation's insurance third-party administration and software platform.
Obsidian Insurance Holdings, which is backed by Genstar Capital, has acquired Western Home Insurance Company from Western National Mutual Insurance Company.
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