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 …
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, …
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 …
