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  • Fidelity & Guaranty Life Insurance Company Announces Redomestication from Maryland to Iowa

    November 1, 2013 by BUSINESS WIRE

    DES MOINES, Iowa–(BUSINESS WIRE)–

    Fidelity & Guaranty Life Insurance Company (Fidelity & Guaranty Life)  announced today that it is redomesticating from Maryland to Iowa  effective November 1, 2013. This past week the company received  approvals from the Iowa Insurance Division and Maryland Insurance  Administration to move forward with the redomestication and the  company’s board adopted new articles to complete the redomestication.

    “We believe Des Moines will be an ideal location for Fidelity & Guaranty  Life to grow and pursue its business goals into the future,” said Lee  Launer, the company’s CEO. “Iowa is attractive to us because it has a  deep insurance talent pool, a sophisticated regulatory approach to  indexed products, and strong business climate. It also has a good  quality of life for those of our employees who are based in Iowa.”

    Phil Gass, Chairman of FGL added, “After much consideration, we believe  that relocating our headquarters to Iowa will better position FGL to  accelerate its growth plans across the middle market. Serving our  current and future policyholders and supporting the needs of our  distribution partners remains our top priority.”

    Fidelity & Guaranty Life said it has designated Des Moines as the  location of its principal executive offices and that it intends to house  at least 50 employees in its new Des Moines offices within three years.  The company will initially lease space in the Hub Center in downtown Des  Moines and is exploring options for more permanent space at other  downtown locations. Fidelity & Guaranty Life added that it intends to  maintain its current Baltimore, Maryland and Lincoln, Nebraska locations  but will move some positions to Iowa and focus future growth on its new  offices in Des Moines.

    The company expressed appreciation to the Iowa Insurance Division and  Maryland Insurance Administration for cooperation in facilitating the  redomestication.

     

    MULTIMEDIA AVAILABLE:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50741355&lang=en

    Contact:
    Fidelity & Guaranty Life Paul Tyler 410-895-0130 914-356-2138 paul.tyler@fglife.com

    Originally Posted at YAHOO! Finance on November 1, 2013 by BUSINESS WIRE.

    Categories: Industry Articles
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