Blue Cross Blue Shield of Michigan completed the acquisition of AmeriTrust Group from Fosun.

Blue Cross Blue Shield of Michigan, a nonprofit mutual insurance company, completed the acquisition of AmeriTrust Group, a specialty insurance firm, from Fosun, a global innovation-driven consumer group. Financial terms were not disclosed. "Adding a trusted and respected company like AmeriTrust to the Blue Cross Blue Shield of Michigan enterprise is exceptional news for our organization. We look forward to the expanded capabilities and talented team AmeriTrust will add to AF Group's industry-leading expertise in the property and casualty space, enabling greater service offerings to agents and customers," Daniel J. Loepp, Blue Cross Blue Shield of Michigan President and CEO.