Annuity Issuer Makes Changes

January 8, 2019 by Allison Bell

FGL Holdings — the parent of Fidelity & Guaranty Life — has replaced its chief executive officer and is organizing a major effort to cut costs.

Blackstone, the investment company that controls FGL, is still expressing optimism about the Des Moines, Iowa-based life insurance and annuity issuer’s future.

Bennett Goodman, chairman of the Blackstone Insurance Solutions unit, said in a statement about the changes that the changes represent an exciting opportunity for Fidelity & Guaranty.

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Originally Posted at ThinkAdvisor on January 4, 2019 by Allison Bell.