Fosun acquiring 20% stake in Ironshore
August 25, 2014 Category Mergers & Acquisitions, Weekly
Shanghai-based Fosun International has stepped up its investment in the global insurance industry with the announcement that it is acquiring a 20% stake in Ironshore for about USD463.83 million. Ironshore provides broker-sourced commercial property and casualty coverage through platforms in countries including Australia, Canada and Singapore. Fosun Chairman Guo Guangchang said the deal would further expand the group’s insurance business.
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