Reinsurance News

Liberty Mutual completes specialty insurer Ironshore acquisition

2nd May 2017 - Author: Staff Writer

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.

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