Committee on Foreign Investment in the United States (CFIUS) News

Starr Buys Wright USA from Ironshore, Subsidiary of China’s Fosun

Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee Professional Liability (FEPLI) as well as disability, life, dental and other …

National Security Cloud Hangs Over Ironshore IPO

Chinese acquirers are continuing their buy-and-flip strategy and this time, it’s Fosun International’s turn. However the question isn’t only whether the fundraising will lower the company’s debt load, but how easy it will be to sell the asset in the …

U.S. Treasury Unit Reviews Fosun’s Acquisition of Ironshore

U.S. authorities are conducting a review of China’s Fosun Group’s acquisition in November 2015 of Bermuda-based insurer Ironshore. The Committee on Foreign Investment in the United States (CFIUS), part of the U.S. Department of the Treasury, regularly conducts company reviews …

China’s Anbang Insurance Ups Offer for Starwood Hotels to $14B

China’s Anbang Insurance Group Co. has raised its offer for Starwood Hotels & Resorts Worldwide Inc. to almost $14 billion in its latest challenge to the U.S. hotel operator’s merger with Marriott International Inc. The bidding war for Starwood has …