China’s Anbang Insurance Group is in the leading bidder to acquire Fidelity & Guaranty Life (life insurance company) as indicated by people acquainted with the matter, as more Chinese insurers try to venture into the United States. Privately held Anbang has been beaten different bidders so far, including other private equity firms, over the closeout for Fidelity and Guaranty Life. There is no conviction that the transactions in the middle of Anbang and Fidelity & Guaranty Life will bring about a deal, the people added. The sources requested that not be recognized in light of the fact that the transactions…
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