Published December 5, 2016 9:01am EST | Updated December 5, 2016 9:03am EST

Liberty Mutual To Buy Ironshore From Fosun Intl. For About $3 Billion

Liberty Mutual Insurance said Monday it has agreed to buy Ironshore Inc. from Fosun International Ltd. in a deal valued at about $3 billion. Ironshore will continue to operate with the same management team and brand. The company had gross premiums written of $2.2 billion in 2015 and operates out of hubs in the U.S., Bermuda and London.