Chinese firm Anbang acquired US Insurance firm FGL for $1.57 billion

Anbang Group, an insurance group based in China, has acquired Fidelity and Guaranty Life, a life insurance provider in the US, for $1.57 billion.

Established in 1959, Fidelity & Guaranty Life is headquartered in Des Moines, Iowa, trades on the New York Stock Exchange, and has around 25,000 licensed agents and 700,000 policyholders. Anbang Insurance Group is an insurance company based in Beijing, China with a global network of over 30 million customers and more than 30,000 employees.

To see a list of investors from China similar to Anbang Group, check the Chinese Investors Directory.