Meadowbrook Insurance Group (MIGI) News

Meadowbrook Insurance Shareholders Approve Acquisition by Fosun

Meadowbrook Insurance Group, Inc., headquartered in Southfield, Mich., announced that the group’s shareholders have formally approved the pending acquisition of Meadowbrook by Fosun International Limited. In late December 2014, Fosun, a Chinese investment group agreed to acquire Meadowbrook for approximately …

Meadowbrook CEO Says Company on Track to Deliver on 2014 Guidance

The efforts undertaken by Meadowbrook Insurance Group in the past couple of years to improve its underwriting performance and profitability appear to be working. In a conference call to discuss results for the first quarter of 2014, Robert S. Cubbin, president …

Best Downgrades Meadowbrook and Subs Issuer Credit Rating; Affirms FSR

A.M. Best has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of ‘B++’ (Good) for the subsidiaries of Michigan-based Meadowbrook Insurance Group, Inc. (MIGI), which operate under an intercompany reinsurance pooling …