Ohio OKs Fosun Acquisition of Meadowbrook Insurance Sub

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 Meadowbrook’s insurance company subsidiary, Century Surety Co., domiciled in Ohio.

The closing of the acquisition remains subject to the fulfillment or waiver of certain other customary closing conditions that have not yet been satisfied, including receipt of the remaining required insurance regulatory approval for Meadowbrook’s insurance company domiciled in the state Missouri — Savers Property and Casualty Insurance Company). The application for the insurance regulatory approval in Missouri is substantially complete.

Source: Meadowbrook Insurance Group Inc.

Topics Mergers & Acquisitions Ohio