Liberty Mutual Completes Ironshore Acquisition

Liberty Mutual Insurance has completed its acquisition of Ironshore Inc. from Fosun International Ltd. for $2.9 billion, the company announced on Monday. Liberty Mutual announced a definitive agreement to acquire Ironshore on Dec. 5. The acquisition was finalized following receipt of regulatory approvals and satisfaction of customary closing conditions. The purchase price of $2.935 billion is subject to post-closing adjustments, the company said. On Tuesday, A.M. Best removed from under review with developing implications the credit ratings of Ironshore Inc. and its subsidiaries. A.M. Best ...