FGL terminates takeover deal by Chinese insurer Anbang

Apr 18, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

SHANGHAI – U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) said on Tuesday it has terminated its agreement to be acquired by Anbang Insurance Group Co Ltd [ANBANG.UL], becoming the latest deal involving the Chinese insurer to have fallen through in recent years.