Fidelity & Guaranty Life terminated its $1.6 billion agreement to be purchased by China’s Anbang Insurance Group Co. and said it will weigh other possible deals. FGL’s board “is continuing to evaluate strategic alternatives to maximize shareholder value and has …
China’s Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles. Ant, the finance affiliate of Alibaba …
China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on …
The family-owned company that until recently was headed by U.S. President Donald Trump’s son-in-law hopes to turn an aging New York office tower into a signature development that could be worth up to $12 billion, a report said on Wednesday. …
The chairman of China’s privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic challenges and rising populism. Europe has “very cheap assets” …
China’s Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump’s son-in-law and senior adviser. Anbang Insurance Group was named in a Bloomberg report on …
A senior Chinese insurance regulator warned against the industry’s reckless overseas investment, saying some insurers behaved recklessly when it came to offshore acquisitions, the official Securities Times reported on Thursday. Chen Wenhui, vice chairman of the China Insurance Regulatory Commission …
China’s Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump’s son-in-law Jared Kushner, according to …
Anbang Insurance Group Co., known for its aborted attempt to buy Starwood Hotels & Resorts Worldwide Inc. in March, is turning its attention from chasing deals to digesting $13.5 billion of overseas acquisitions announced since 2014. The company will focus …
Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea unit. Net income declined to 1.1 billion euros ($1.2 billion) from …
