IFLR1000

Liberty Mutual $3 billion acquisition of Ironshore

5/12/2016
Public acquisition
Select tab

$ 3 billion

Announced

5/12/2016

Overview:

  • Liberty Mutual has acquired Bermuda-based fellow insurer Ironshore in a $3 billion deal.
  • Ironshore was sold by Chinese conglomerate Fosun International, who had bought the company last year and attempted an IPO that was ultimately cancelled.
  • The transaction is expected to close in the first half of 2017.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Bermuda
China

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Insurance

Firm:
Willkie Farr & Gallagher

Party: Ironshore (Target)

Lawyer: Michael Groll

Related deals