Fosun International News
U.S. Treasury Reviewing Fosun’s Acquisition of Ironshore
United States authorities are conducting a review of China's Fosun Group's acquisition in November 2015 of Bermuda-based insurer Ironshore. The Committee on Foreign Investment in the United States ...
Ironshore’s New China-Based Parent Fosun May Put It Through an IPO
Ironshore Inc. disclosed that China-based parent Fosun International Ltd. – which completed its acquisition just four months ago – is mulling an initial public offering for the Bermuda-based ...
Fosun International Cancels $460M Deal to Grab Israeli Insurance Company
Fosun International Ltd.'s $460 million deal to buy Delek Group Ltd.'s insurance unit has been terminated, a setback for Israel's largest energy company as it seeks to focus on its core business. The ...
Billionaire Chairman of Ironshore Owner Fosun International Aids Investigation
Fosun International said on Friday its Chairman Guo Guangchang, one of China's best-known entrepreneurs, is assisting authorities with an investigation, after an earlier report said the group lost ...
Fosun Pledges Autonomy for Ironshore, Its New Insurance Acquisition
Ironshore Inc. is now 100 percent owned by the investment arm of Fosun Group, a Chinese mega-conglomerate whose backer has looked to Warren Buffett for inspiration. Ironshore's new owners, meanwhile, ...
TigerRisk and Gen Re: Influx of Capital From Asia a Trend Worth Watching
Recent M&A-related investment from Asia offers yet another twist in the ongoing influx of new capital that has fostered uncertainty among insurers and reinsurers alike. Some insiders view the ...
China Insurers Pursue Western Carriers as Mentors
Chinese insurers are pursuing strategic tie-ups and outright M&A to tap Western expertise, keen for knowledge on products, pricing and technology as a nascent market for health and property ...
Fosun Reportedly Negotiating to Snatch Up RSA’s Middle Eastern Business
Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc's Middle East business, people familiar with ...