Less than six months after terminating a proposed deal to acquire fellow Big Four title insurance underwriter Stewart, Fidelity National Financial (FNF) has agreed to acquire a Cayman Islands-based provider of annuities and life insurance for $2.7 billion.
FNF Chairman William Foley said the acquisition allows Fidelity to diversify its earnings and reduce the risk and volatility in its title insurance operations.
Read on for more details.