What now for Anbang? Painful breakup, private investment likely
Following regulators’ takeover, private investors are likely to pick apart the chastened insurance firm.
February 26, 2018
Beijing-based Anbang Insurance has agreed to buy US insurer Fidelity & Guaranty Life (FGL) for $1.57 billion the companies said on Monday, making Anbang one of the largest insurers by market share in fixed indexed annuity products in the US.
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