F&G Life Moves to New Corporate Headquarters in Baltimore City.Business Editors/Insurance Writers
BALTIMORE--(BUSINESS WIRE)--June 21, 2000
Fidelity & Guaranty Life (F&G Life) Insurance Company, a leading provider of life insurance and annuity products, today announced the signing of a 10-year lease for 56,000 square feet of new office space in downtown Baltimore.
The lease was signed with H&S Properties Development Corporation, the developer and owner of the 163,000 square foot, six-story office building under construction at 1001 Fleet Street in Inner Harbor East. F&G Life anticipates taking occupancy this November.
"We are very pleased that our corporate headquarters will remain in Baltimore City," said F&G Life President Harry N. Stout. "Since moving to our current downtown location in August 1996, we have literally outgrown the facility due to a 75 percent increase in our employment level."
F&G Life will occupy two floors of the office building, doubling its current square footage at 100 East Pratt Street. "This move meets our business needs and will allow us to continue to contribute to the economic growth of Baltimore City," said Stout.
"F&G Life has been a good community member and corporate citizen in the Baltimore area for 40 years," said Mayor Martin O'Malley of Baltimore City. "I am pleased that we were able to play a role in the retention of the company's corporate headquarters in Baltimore City."
"F&G Life joins a growing list of companies that see Baltimore City's east side neighborhoods as offering the right mix of amenities needed to attract and retain employees," said M. J. "Jay" Brodie, President of the Baltimore Development Corporation The Baltimore Development Corporation (BDC) is a nonprofit corporation on contract to the City of Baltimore, Maryland, to act as its economic development representative by providing development assistance to new and expanding companies inside Baltimore. . "We're happy that F&G Life has decided to locate their new corporate headquarters in Inner Harbor East, " said Michael S. Beatty, Vice President of H&S Properties. "This unique mixed-use development located along four blocks of Baltimore's famed Inner Harbor is an enticing destination for local businesses looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. new class A office space."
The $57 million project also includes a Courtyard by Marriott Courtyard by Marriott is a brand of hotels owned by Marriott International. They have over 2,800 hotels worldwide, as of June 2007. Courtyard by Marriott is designed for business travelers. , retail space anchored by a Fresh Fields Whole Foods Market, and a parking garage.
Douglas Schmidt, Senior Associate with CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , represented F&G Life in the transaction. CB is also managing the construction and move for F&G Life. CB Richard Ellis is the world's largest real estate service provider.
F&G Life, with more than $5.8 billion in assets, has offered a diverse portfolio of annuities and life insurance products since 1959. The company is a leading provider in the equity indexed annuity, single premium deferred annuity Deferred Annuity
A type of annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them. This type of annuity has two main phases, the savings phase in which you invest money into the account, and the income phase in which , tax-sheltered annuity Tax-sheltered annuity
A type of retirement plan under Section 403(b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via a salary reduction agreement to a tax-sheltered retirement , structured settlement annuity, term, and universal life insurance markets.
F&G Life is a subsidiary of The St. Paul Companies. For more information, visit the company's web site at http://www.fglife.com.
The St. Paul Companies (NYSE NYSE
See: New York Stock Exchange : SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management.
2. (body) SPC - Software Productivity Centre.
3. (company) SPC - Software Publishing Corporation.
4. ), headquartered in Saint Paul, Minn., is a group of companies providing property-liability insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. products and services worldwide. The St. Paul ranked No. 204 on the Fortune 500 list of largest U.S. companies and reported 1999 revenues of more than $7.5 billion and total assets of $38.9 billion.