Tagged in Anbang

Chinese Insurers Better Watch Out

Fraser Howie, co-author of “Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise” isn’t a fan of the boost in M&A activity that’s taking place in insurance. “Either way insurance…

FGL & Anbang; simply wasn’t in the stars

“We have determined that it is no longer in the best interests of FGL’s shareholders to continue to pursue the transaction with Anbang” – Fidelity & Guaranty Life president and…

A regulatory hiccup in the ‘Anbang – FGL’ acquisition

Recall: late last year China’s Anbang Insurance announced its plans to acquire Fidelity & Guaranty Life for ~$1.57 billion. Same Anbang that purchased the New York Waldorf Astoria hotel for $1.95 billion. Now…

Anbang’s plan B

China’s Anbang Insurance Group will buy the South Korean operations of Germany’s Allianz for ~$3 million. Recall: Anbang’s most recent overseas insurance foray was its $1.57 billion acquisition of US life-insurance provider…

Anbang to acquire Fidelity & Guaranty Life

China’s Anbang Insurance Group will acquire Fidelity & Guaranty Life for ~$1.57 billion. Same Anbang that purchased the New York Waldorf Astoria hotel for $1.95 billion back in February.