Boston-headquartered Liberty Mutual bought the business from Chinese conglomerate Fosun in December for around $3bn. The group was originally founded in 2006 and was purchased outright by Fosun in 2015 for around $1.8bn. The insurer will combine Liberty International Underwriters' US business and Ironshore’s US specialty lines business under the Ironshore brand, creating the sixth largest writer of excess and surplus lines in the US. “The combination of our two operations will create a top
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