Anbang enters US market with $1.57b FGL purchase

The deal will make the Chinese private company one of the largest insurers by market share in fixed indexed annuity products in the US.

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.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media