Latest Updates on Harbinger Group Inc (NYSE:HRG)

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Las Vegas, NV -- (SBWIRE) -- 12/20/2013 -- Harbinger Group Inc (NYSE:HRG) operates through its subsidiaries. One of these subsidiaries is Spectrum Brands. HRG provides branded goods for example batteries, small household appliances, personal care products, pet supplies, and pest control products. It also serves the consumers through subsidiary Fidelity & Guaranty Life Holdings, Inc. that offers life insurance services. Another subsidiary of the company Salus Capital Partners, LLC supplies secured asset-based loans and Front Street Re Ltd offers reinsurance services.

Harbinger Group Inc declared closing of reinsurance treaty with an agreement partner. Bankers Life Insurance Company will now give up around $160 million to Front Street Re as part of its annuity.

The company says that the agreement was approved by Office of Insurance Regulation of Florida. The CEO of subsidiary Front Street John Tweedie says that the treaty is convincing for minimizing risk and enhancing security.

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