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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. 

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