China’s Fosun International News

Michigan Regulators OK Meadowbrook/Fosun International Transaction

Michigan insurance regulators have approved the acquisition of Southfield-based Meadowbrook Insurance Group Inc. by China’s Fosun International Limited. Meadowbrook Insurance Group announced that it received the required regulatory approvals from the Michigan Department of Insurance and Financial Services on June 18, …

China’s Fosun to Buy Meadowbrook Insurance for $433M

China investment group Fosun International Limited has agreed to acquire Meadowbrook Insurance Group Inc. of Southfield, Michigan for approximately $433 million, or $8.65 per share in cash. Fosun said that the acquisition of Meadowbrook will enable it to expand and …

China Investment Firm Fosun Buying Stake In Ironshore

An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in June. Fosun International Ltd. has agreed to …

China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion

China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for €1 billion ($1.36 billion), beating out U.S. buyout firm Apollo Management International LLP. Fosun International will buy the stake in the insurer with …