F&G to spin off reinsurance arm to Aspida Holdings

Mon, 10/05/2020 - 18:25
by Business Record

Fidelity National Financial Inc. and F&G, a leading provider of annuities and life insurance, announced that F&G has entered into a definitive agreement to sell F&G Reinsurance Ltd to Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corp. F&G Re, a Bermuda-based subsidiary of F&G with approximately $2 billion in invested assets as of June 30, provides reinsurance solutions to third-party life and annuity companies.

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