Meadowbrook Insurance Group Inc. has promoted Fred Browning to chief underwriting officer. Browning, who most recently served as senior vice president of Admitted Carrier Operations, will now lead Meadowbrook’s corporate underwriting functions and will report to Nathan Voorhis, Meadowbrook’s chief …
Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities in the United States, the United Kingdom and other …
Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its push into the banking and insurance industries. The company …
Meadowbrook Insurance Group Inc., based in Southfield, Mich., has acquired Mackinaw Administrators LLC (Mackinaw). Founded in 1995, Mackinaw is a Michigan-based program and claims administrator that provides tailored insurance and risk management programs and other related services for both group …
Michigan insurance regulators have approved the acquisition of Southfield-based Meadowbrook Insurance Group Inc. by China’s Fosun International Limited. Meadowbrook Insurance Group announced that it received the required regulatory approvals from the Michigan Department of Insurance and Financial Services on June …
Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will sell the shares at HK$19.48 to HK$20.32 each, according to a …
Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the Bermuda-based insurer. Fosun’s unit Mettlesome Investment 2 will combine …
