Fosun International News
Prudential Financial Will Buy 13.1% Stake in Peak Re
Prudential Financial is buying a 13.1 percent stake in Hong Kong-based reinsurer Peak Reinsurance Co. Ltd. The deal is taking place through a wholly owned subsidiary of Prudential Financial Inc. ...
Fosun’s Meadowbrook Insurance Rebrands as AmeriTrust Group, With Acquisitions in Mind
Meadowbrook Insurance Group has changed its name to AmeriTrust Group, Inc., close to three years after Chinese conglomerate Fosun International bought the company. The company's management team, in ...
Telematics Startup Roost Raises $10.4M From Three International Insurance Companies
Roost, a developer of home telematics for property insurance carriers, raised $10.4 million from three international insurance industry companies. Aviva Ventures led the Series B financing; ...
Fosun International Leader Backs China Crackdown on Outbound M&A Deals
Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government's clampdown on outbound investments ...
China’s Fosun International Reportedly Wants Pre-IPO Investors for Reinsurance Arm
Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according ...
Updated: Liberty Mutual to Grab Specialty Insurer Ironshore for $3B
Liberty Mutual Insurance has agreed to snatch up specialty lines insurer Ironshore Inc. from Chinese conglomerate Fosun International Ltd. for about $3 billion. The planned acquisition, rumored for ...
Ironshore Owner Fosun Plans Massive Asset Sale to Reduce Debt
Fosun Group, one of China's most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After ...
Ironshore Tries New $100M IPO Filing; A.M. Best Worries Over Corporate Parent
Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent ...