The fabled Waldorf Astoria hotel in New York, which was bought by China’s Anbang Insurance, which continued its buying spree by purchasing a US life insurance company. Photo: AP

China’s Anbang extends US reach with US$1.6b purchase of Fidelity & Guaranty Life

Concerns are mounting the Beijing insurer maybe overreaching with series of global deals

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The fabled Waldorf Astoria hotel in New York, which was bought by China’s Anbang Insurance, which continued its buying spree by purchasing a US life insurance company. Photo: AP
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