Anbang Insurance Group withdrew its application to acquire Fidelity & Guaranty Life after failing to provide information requested for processing the deal, a regulator in the U.S. state of New York said on Tuesday.
Anbang will be able to resubmit its application if it provides the necessary information, the statement said.
Privately owned Anbang agreed to buy Fidelity in November in 2015 for $1.57 billion.
Fidelity said in a statement Tuesday that Anbang is still working to secure regulatory -approval and it expects to resubmit an application.
A person familiar with the matter told Reuters that New York regulators sought more detailed information about Anbang's funding and shareholder structure.
Anbang could not be reached for immediate comment.
The Chinese company has walked away from some deals previously. This year it dropped a planned $14 billion bid for Starwood Hotels & Resorts.
It also announced in April that it has signed a deal to acquire German insurer Allianz's South Korean units for an undisclosed sum.
