RPT-INSIGHT-U.S. watchdog expands scrutiny to more Chinese deals

(Repeats to additional customers with no changes to text)

By Greg Roumeliotis

Oct 11 Insurance mergers and acquisitions rarely
raise red flags with U.S. national security watchdogs.

China’s Fosun International Ltd took that history
to heart last year when it paid $1.84 billion for the remaining
80 percent stake of U.S. property and casualty insurer Ironshore
Inc that it did not already own.

But in December 2015, one month after Fosun completed the
acquisition, it was approached by officials at the Committee on
Foreign Investment in the United States (CFIUS), a government
panel that scrutinizes deals over national security concerns,
according to people familiar with the matter who asked not to be
identified because these details are not public.

CFIUS was concerned about how Fosun would operate
Ironshore’s Wright & Co, a provider of professional liability
coverage to U.S. government…

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