Liberty Mutual completes Ironshore acquisition

Liberty Mutual Insurance has completed its $2.9bn purchase of
Ironshore from Chinese conglomerate Fosun.
In a statement Liberty said it had received the relevant
regulatory approvals for the transaction as well as achieving
"satisfaction of customary closing conditions".
In a separate statement Fosun said the cash payment for the
transaction had been completed upon closing.
Both parties struck a deal for the sale of 100 percent of
Ironshore last December at 1.45x tangible book value. The
transac