When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc., a deal that would help …
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 announced this year and yet to be completed. Fosun is …
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 include Star Insurance Co., ProCentury Insurance Co. and Williamsburg National Insurance Co. The closing …
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 takeovers. The co-chief executive officers are leading a …
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 prefer investing in insurance companies in Europe and Japan,” Liang …
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 to buy Aurora National …
