Liberty Mutual takes control over Ironshore for roughly 3 billion USD
Liberty Mutual Holding, fourth American non life insurer is about to acquire Ironshore for approximately 3 billion USD, a move that will enable Liberty Mutual to consolidate its position in corporate niche insurance.
Ironshore has been specialized in environmental, damage to satellite and political risks along with directors and officers (D&O) liability insurance. Ironshore will maintain its name and management. This transaction is due to be finalized during the first quarter of 2017. The purchase price is subject to adjustment and will be 1.45 times the book value estimated by the end of 2016.
More news
