Ares management corporation and aspida announce the closing of f&g reinsurance acquisition

Los angeles--(business wire)--ares management corporation (“ares”) (nyse: ares) and its indirect subsidiary aspida holdings ltd. (“aspida”) jointly announced today the completion of aspida's previously announced acquisition of f&g reinsurance ltd (the “company”) from fgl holdings (“f&g”), a subsidiary of fidelity national financial, inc. (nyse: fnf). as part of the transaction, aspida will enter into a strategic flow reinsurance agreement with f&g related to certain annuity products
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