Latest Fosun International Headlines
All the headlines from our Fosun International Topic Page, ordered by recency.
Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B
May 4 2015 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the...
Fosun to Co-Develop New York Apartment Project in U.S. Expansion
Apr 30 2015 // Fosun Group will co-develop a luxury residential tower in New York, underscoring the Chinese company’s growing appetite for U.S. property holdings after its One Chase Manhattan Plaza purchase in 2013. Fosun will...
Meadowbrook Insurance Shareholders Approve Acquisition by Fosun
Apr 28 2015 // 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...
Willis Takes On Big Banks Seeking Asia M&A under Walkiewicz and Guo
Apr 20 2015 // Willis Group Holdings plc’s Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising insurance...
OneBeacon Explores Sale; China’s Fosun Interested: Sources
Apr 8 2015 // OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to people with knowledge of the matter. OneBeacon has drawn interest from companies...
China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex
Mar 19 2015 // Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18 buildings on Berlin’s Potsdamer Platz square, people with knowledge of the matter...
Year-End M&A Spurt Could Be Harbinger of More 2015 Deals: Fitch
Jan 8 2015 // Six merger and acquisition announcements in the North American property/casualty insurance and reinsurance sectors in late 2014—and another global deal on the table—may herald a raft of deals in 2015, Fitch Ratings...
China’s Fosun to Buy Meadowbrook Insurance for $433M
Dec 31 2014 // 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...
Fosun to Buy 51% Stake in Espirito Santo
Oct 10 2014 // Rioforte Investments SA will sell a 51 percent stake in Espirito Santo Saude SGPS SA to Fosun Group’s Fidelidade unit after that bidder raised its offer price for the Portuguese hospital operator. Rioforte said it...
China’s Fosun Hikes Offer for Portugal’s Espirito Santo
Oct 10 2014 // China’s Fosun raised its offer for Portugal’s Espirito Santo Saude (ESS) to 5.01 euros a share from 4.82 on Thursday, above U.S. firm UnitedHealth’s offer of 5 euros made directly to the bankrupt Espirito...
Fosun Investment Head to Manage Europe Insurer Investments
Oct 9 2014 // Fosun Group, China’s biggest closely- held conglomerate, hired Hong Kong’s best-performing bond fund manager from Bocom International Holdings Co. to manage investments for its European insurers. Tongli Han,...
China’s Fosun to Invest in European, Japanese Insurers
Sep 30 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is considering making more bets on insurers outside its home country, Chief Executive Officer Liang Xinjun said. “We...
Fosun Said to Pursue Deal for Swiss Re’s Aurora in the U.S.
Aug 19 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is in talks to acquire a U.S. life insurance arm of Swiss Re Ltd., people with knowledge of the matter said. Fosun is seeking...
China Investment Firm Fosun Buying Stake In Ironshore
Aug 18 2014 // 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....
China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion
Jan 10 2014 // 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...
Peak Re Launched in Hong Kong for ‘Underserved’ Asia Pacific Markets
Jan 10 2013 // Peak Reinsurance Company Limited formally announced that it has opened for business. The new reinsurer, established to capture the growing demand for modernized reinsurance solutions in Asia Pacific, said it has...
