J.C. Flowers & Co. has reached an agreement with Anbang Insurance Group for the sale of Fidea. Through a broad network of independent brokers and the Crelan and Delta Lloyd Bank agencies, Fidea offers non-life products to private customers, the self-employed and corporates; it also still services its existing life portfolio. J.C. Flowers bought Fidea, which employs about 360 staff members, for an estimated €243.6 million ($309 million) in 2011.