Moody’s Cuts Fosun International’s Credit Rating Amid Concerns Over Asset Sales October 26, 2022 By Roxanne Liu and Kane Wu Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative”...
Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International March 9, 2021 DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG...
China’s Fosun Considers Sale of German Insurer Frankfurter Leben: Sources January 16, 2020 By Dinesh Nair, Manuel Baigorri and Jan-Henrik Förster Chinese conglomerate Fosun International Ltd. is exploring options including a potential sale for its German insurance business Frankfurter Leben Holding...
China’s Fosun Eyes Purchase of Bayer’s Animal Health Business: Sources June 18, 2019 By Manuel Baigorri Fosun International Ltd. is considering a bid for Bayer AG’s animal-health business, people familiar with the matter said, a move...
A.M. Best Ugrades Ratings of AmeriTrust Group Subsidiaries May 13, 2019 AmeriTrust Group Inc.’s five insurance carrier subsidiaries have received an upgraded Financial Strength Rating (FSR) of “A-” (Excellent) from A.M....
China’s Fosun Weighs Acquisition of Belgian Insurer Ageas July 25, 2018 By Bloomberg News Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of...
China’s Fosun Still Interested in Acquiring Greek Insurer if Winning Bid Collapses March 23, 2018 By Marcus Bensasson and Sotiris Nikas Fosun International Ltd came up short in its bid to buy National Bank of Greece SA’s insurance unit, but the...
Peak Re to Get Capital Boost After Prudential Financial Buys 13.1% Stake: A.M. Best February 15, 2018 A wholly owned subsidiary of Prudential Financial Inc. (PFI) has signed definitive agreements to purchase a 13.1 percent stake in...
Fosun’s Peak Re Authorized as Life & General Reinsurer in Singapore November 13, 2017 Peak Reinsurance Co. Ltd., the Hong Kong-based reinsurer, announced that the company has been authorized to write life and general...
Fosun’s Plans for Overseas Growth ‘Don’t Clash’ with China’s M&A Crackdown September 5, 2017 By Bloomberg News Fosun International Ltd., one of the companies in the cross hairs of a Chinese government crackdown on offshore acquisitions, says...