Liberty Mutual Insurance has completed its acquisition of Ironshore from Fosun International Limited, according to a news release.
Liberty Mutual has now acquired a 100% interest in the global specialty company.
Liberty first announced a definitive agreement to purchase Ironshore in December. That announcement came barely a year after Fosun International had completed its own acquisition of the fast-growing insurer.
Liberty’s purchase price for Ironshore was $2.935 billion, subject to post-closing adjustments, according to the release.
Related stories:
MDW Insurance Group and Ironshore get snapped up
Carrier’s sale to change the US market, say analysts
