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The Chinese owner of Ironshore has agreed to sell the Bermudian-based insurer to US giant Liberty Mutual in a $3 billion deal. The US company, which struck the deal with Shanghai-based Fosun International, said it planned to let Ironshore “operate wi...

The Chinese owner of Ironshore has agreed to sell the Bermudian-based insurer to US giant Liberty Mutual in a $3 billion deal. The US company, which struck the deal with Shanghai-based Fosun International, said it planned to let Ironshore “operate wi...

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

NEW YORK (Bloomberg) — Ironshore Inc, the insurer purchased by Chinese conglomerate Fosun International last year, has filed for an initial public offering in the US. The company filed with an initial offering size of $100 million, an amount used to ...

Bermudian insurer Ironshore has received a ratings boost from AM Best. The ratings agency removed the insurer from being “under review with negative implications” and affirmed its A rating. However, the ratings were given a negative outlook. Ironshor...

Ironshore has named Shawn Homand as chief underwriting officer of global property. Mr Homand will be based in the Bermudian-based insurer’s Boston office. The company said he will oversee underwriting responsibilities and global product growth strat...

Major building projects in the US would boost the economy and demand for insurance and reinsurance. Kevin Kelley, the chief executive officer of Bermuda-based Ironshore, said poorer-than-expected economic performance in key regions had led to a weake...

Bermudian insurer Ironshore may sell shares to the public or be sold by its Chinese owners, according to reports in international business media yesterday. Fosun International Ltd, the Shanghai-based conglomerate led by billionaire chairman Guo Guang...

Ironshore has announced the opening of a branch office in Seattle. The Bermuda-based insurer’s latest office will be led by Daniel Sonon as branch executive. Mr Sonon will be responsible for marketing across all Ironshore business lines, reporting ...

Bermuda-based Ironshore insurance and its affiliated companies are to remain under review with negative implications, ratings agency AM Best said yesterday. The agency said that Ironshore’s financial strength rating of A (excellent) and issuer credit...

The Chinese tycoon whose firm has just taken control of Bermuda-based insurance firm Ironshore in a $1.84 billion deal is assisting authorities with an investigation. Guo Guangchang, the billionaire chairman of Fosun International and one of China’s ...

Bermuda-based insurer Ironshore is to open a string of offices in Europe. The firm is opening a European hub office in Cologne, Germany, which will be followed by agency branch offices in the Netherlands and Switzerland by the end of this year. Mark ...