Fidelity & Guaranty Life(FGL)- NYSE
  • Oct. 2, 2015, 4:56 AM
    • China' Anbang Insurance Group is the favorite to win an auction to acquire Des Moines company Fidelity & Guaranty Life (NYSE:FGL), Reuters reports.
    • Fidelity, whose market cap is $1.5B, is controlled by financial-interests holding company HRG (NYSE:HRG), which said in April that it was exploring a sale of its 80.6% stake in the subsidiary.
    • If it buys Fidelity, Anbang would join other Chinese insurers that have entered the U.S. market.
    | Oct. 2, 2015, 4:56 AM