Liberty Mutual Insurance – one of the largest property and casualty insurer’s in the U.S. – has announced the completion of its acquisition of global specialty insurer Ironshore.
Liberty purchased the firm from Fosun International for $2.935 billion after receiving regulatory approvals.
The transaction took place under the guidance of Barclays Capital as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP as legal advisors to Liberty.
The purchase price of $2.935 billion remains subject to post-closing adjustments.
