Photo: Shutterstock/Tashatuvango

New York City-based property and casualty insurance services provider Ironshore Inc. and Shanghai-based investment company Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80% equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities in the United States, the United Kingdom and other jurisdictions for its acquisition. Fosun previously acquired a 20% stake in Ironshore in February. 

Itasca, Ill.-based international insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has announced the acquisition of Timaru, New Zealand-based commercial, rural, property and personal lines insurance services provider Reid Manson Ltd. Reid Manson’s founder, David Reid, and his associates will continue to operate from their current locations in Timaru and Ashburton, N.Z., under the direction of Carl O’Shea, CEO of Crombie Lockwood (NZ) Ltd, which is also owned by Arthur J. Gallagher & Co. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.