The company holds a geographically diversified portfolio of assets in
financial services,
real estate and
lodging. • In 2014, Anbang Insurance acquired
Fidea Verzekeringen, an insurer based in
Belgium. • In 2014, Anbang Insurance purchased the
Waldorf Astoria New York hotel from
Hilton Hotels for nearly US$2 billion. • In 2015 Anbang purchased Dutch insurer from the
Netherlands. Anbang paid the Netherlands €150m outright, and agreed to infuse between €770m and €1bn in fresh capital, and to take on €550m of debt. • In 2015 Anbang paid US$1 billion for a 57.5% stake in
South Korea's
Tongyang Life, an insurance company, in what was reported to be the first direct investment in a South Korean financial institution by a mainland China entity. • In November 2015, Anbang announced that it would buy
Iowa-based insurer
Fidelity & Guaranty Life for about $1.57 billion. However, this deal never came to fruition. • In February 2016, the
Financial Post in
Canada reported that Anbang planned to purchase a 66% stake in four office towers of
Bentall Centre in Vancouver from
Ivanhoe Cambridge, a subsidiary of
Caisse de dépôt et placement du Québec; and subsequently remaining 33% stake in May 2016. Terms of the deal were undisclosed. However, the price paid by Anbang is reported to value the property at over CAD$1 Billion. • In March 2016, Blackstone agreed to a further US$6.5 billion sale of 16 landmark US hotels owned by the
Strategic Hotels & Resorts REIT, including the historic
Hotel del Coronado near
San Diego, the
Westin St. Francis in
San Francisco, several
Four Seasons resorts, and Manhattan's
JW Marriott Essex House hotel. • In April 2016, Anbang purchased
Allianz’s South Korea operations. • In 2016, Anbang purchased Retirement Concepts, a
Canadian company with 24 retirement homes in
British Columbia,
Calgary and
Montreal. The company was later criticised after three of the retirement homes on
Vancouver Island were put under the management of the health authority due to reported inadequate care of facility residents in December 2019. Anbang has also made large-scale bids that did not culminate in a transaction. On March 14, 2016, a consortium led by Anbang made a US$14 billion offer for
Starwood. Other members of the consortium included
J.C. Flowers & Co and
Primavera Capital Group. The latter is headed by Fred Hu, the former chairman of Greater China at
Goldman Sachs. The bid was ultimately unsuccessful. In 2017, the company also ended talks to invest billions of dollars in a Manhattan office tower (
666 Fifth Avenue) owned by the family of
Jared Kushner,
President Trump’s son-in-law and a senior
White House aide. ==Liquidation==