China Minsheng International $2.2 billion acquisition of Sirius International Insurance Group

Overview:

• The Singapore-based investment arm of China Minsheng Investment, CM International has acquired Sirius International from White Mountains Insurance Group for $2.2 billion.
• Shanghai-based China Minsheng Investment is a private equity firm with a focus on investment opportunities in Europe and the United States. Its subsidiary company based in Singapore, CM International Holding, provides investment services.
• White Mountains Insurance Group engages in property and casualty insurance and reinsurance businesses. Its subsidiary, Sirius International, provides reinsurance services. 
• This acquisition is a strategic move for China Minsheng Investment Corporation to develop its business into a globalized investment group, and to set a significant footprint in its investment in financial institution sector. 

Hanna Rae Choi - Researcher