The Iconic American Brands Are No Longer American

Fidelity and Guaranty Life, based in Des Moines, IA, aimed to offer people a sense of security. Originally owned by Harbinger Group, it went public in 2013. The company’s stability was tested when Anbang Insurance Group’s acquisition attempt failed.

Fidelity & Guaranty Life nearly changed hands for $1.57 billion to Anbang Insurance Group, but the deal fell through at the eleventh hour. However, in a twist of fate, CF Corp successfully acquired it for around $1.84 billion in 2017.