Fidelity & Guaranty Life Insurance Co., a presence in Baltimore since its founding 54 years ago, will move its headquarters to Des Moines, Iowa — another disappointing loss of corporate clout for the city.
The life insurance and annuity company, which employs about 150 at its Fleet Street offices in Harbor East, said it will maintain a presence in Baltimore, but its future growth will occur in Iowa.
"We certainly like Baltimore and have a big operation here," said Paul Tyler, a Fidelity senior vice president. "But we are looking at our long-range growth plans and it made a lot of sense for us to build a presence in Iowa."
He added that Fidelity...