Liberty Mutual completed the acquisition of Ironshore from Fosun International for $3bn.

Liberty Mutual, an insurance company, completed the acquisition of Ironshore, insurance services provider, from Fosun International, a conglomerate holding company, for $3bn. “We are pleased to have Ironshore and its proven management team led by CEO Kevin H. Kelley join Liberty Mutual. Ironshore has a track record of profitably underwriting global and diverse specialty risks insurance and is an ideal complement to Liberty Mutual, providing additional scale, expertise, innovation and market relationships to our $5bn Global Specialty business," David H. Long, Liberty Mutual Chairman and CEO.