Latest Fosun International Headlines
All the headlines from our Fosun International Topic Page, ordered by recency.
Ironshore Acquires Remaining Interest in Lexon Surety
Apr 11 2016 // Bermuda-based specialty insurer Ironshore Inc. said it will acquire the remaining 80 percent equity interest in Lexon Surety Group and its surety-related affiliates. Ironshore said it will be an all-cash transaction. Lexon...
China’s Fosun Weighs IPO for Ironshore, Just 4 Months After Acquiring Insurer
Mar 23 2016 // Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for Ironshore Inc., just months after acquiring the insurer. Fosun may also...
China’s Fosun Scraps Plan to Buy Israel’s Phoenix, Vowing More Prudent Strategy
Feb 17 2016 // Chinese conglomerate Fosun International Ltd.’s deal to acquire Israeli insurer Phoenix Holdings Ltd. for more than $460 million has unraveled, the firm’s second withdrawn overseas purchase in the past two...
Best Says Ironshore’s Ratings ‘Not Immediately Affected’ by Fosun Investigation
Dec 21 2015 // A.M. Best has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Ironshore Insurance Ltd. (Bermuda) and its affiliated operating companies:...
Fosun Chairman’s Troubles Raise Doubts about Bids for Israeli Insurers
Dec 14 2015 // The protracted sale process of two of Israel’s largest insurance providers faced further setbacks on Sunday as concern grew over a Chinese probe into Fosun International Holdings Ltd. Fosun’s troubles represent...
China’s Fosun Founder Guo ‘Assisting Authorities with an Investigation’
Dec 11 2015 // Fosun International said on Friday its Chairman Guo Guangchang, one of China’s best-known entrepreneurs, is assisting authorities with an investigation, after an earlier report said the group lost contact with its...
Fosun’s Company Empire – Before Chairman Guo’s Reported Disappearance
Dec 11 2015 // Fosun International Ltd. — the firm whose billionaire chairman is reportedly missing — has built an empire sprawling across insurance, real estate and entertainment, with another $2 billion of acquisitions...
China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore
Nov 23 2015 // Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities...
China’s Fosun in Advanced Talks to Buy RSA’s Middle East Unit: Sources
Sep 18 2015 // Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc’s Middle East business, people familiar with the matter...
Fosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks
Sep 14 2015 // Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying spree over the next two years after his Fosun Group snapped up insurers, banks and fashion companies...
China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions
Sep 11 2015 // Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its...
S&P Maintains Ironshore on CreditWatch Negative Pending Fosun Approvals
Aug 10 2015 // Standard & Poor’s Ratings Services announced that it has extended its CreditWatch with negative implications on Ironshore Inc. and Ironshore Holdings (U.S.) Inc. for another 90 days. A.M. Best took a similar...
Best Places Ironshore & Subs Ratings under Review with Negative Implications
Aug 3 2015 // A.M. Best has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Ironshore Insurance Ltd. (Bermuda) and its...
Business Moves
Jul 20 2015 // Alliant, Preferred Concepts Specialty insurance brokerage Alliant Insurance Services has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter...
Ohio OKs Fosun Acquisition of Meadowbrook Insurance Sub
Jul 6 2015 // Meadowbrook Insurance Group Inc., based in Southfield, Mich., that on July 1, 2015, Fosun International Limited received the required approval from the Ohio Department of Insurance regarding the acquisition of control of...
Fosun’s Acquisition of Meadowbrook’s California Subsidiaries OK’d
Jun 29 2015 // The California Department of Insurance has approved Fosun International Ltd.’s acquisition of control of Meadowbrook Insurance Group Inc.’s subsidiaries commercially domiciled in of California. The subsidiaries...
Michigan Regulators OK Meadowbrook/Fosun International Transaction
Jun 22 2015 // 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...
China’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek
Jun 22 2015 // Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth- largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya, Israel-based holding...
Fosun’s Equity Deals to Intensify as It Seeks to Fund Acquisition Ambitions
May 29 2015 // A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt to fund its huge...
China’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
May 11 2015 // Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will sell the shares...
