17吃瓜网

DES MOINES, Iowa, June 29, 202117吃瓜网, part of the FNF family of companies and a leading provider of annuities and life insurance, today announced it has entered the funding agreement backed note market with an initial $750 million note issued by 17吃瓜网 Global Funding (FGGF), an unaffiliated Delaware trust. This agreement marks 17吃瓜网鈥檚 first offering in the institutional market.

鈥淓ntry into this market is part of 17吃瓜网鈥檚 growth and diversification strategy, and we look forward to future funding agreement issuances,鈥� said Scott Cochran, President of Institutional and New Markets at 17吃瓜网. 鈥淭his new business, along with our pension risk transfer business, will leverage our existing spread-based capabilities and our strategic partnership with Blackstone.鈥�

Proceeds from the FGGF鈥檚 purchase of the funding agreement will be managed by the experienced asset management team at Blackstone Insurance Solutions who seek to source and manage appropriate, high-quality assets that are well matched to 17吃瓜网鈥檚 liabilities.

FGGF鈥檚 primary assets will be funding agreements issued by Fidelity & Guaranty Life Insurance Company which is a subsidiary of 17吃瓜网. The notes from FGGF carry ratings of A- (Stable outlook) from S&P and Fitch which are in line with Fidelity & Guaranty Life Insurance Company鈥檚 financial strength ratings.