Fosun said to have approached Alleghany about buying division/s; Swiss Re also believed to be circling US insurance group - part 2

I see The Insurance Insider is backing up one of my tales from a couple of weeks ago.

Readers might recall I wrote that Chinese group Fosun and insurance giant Swiss Re had both been sniffing around Alleghany after the US group hired Goldman Sachs to advise on strategic options. Here is a link to that piece: http://betaville123.blogspot.co.uk/2015/05/fosun-said-to-have-approached-alleghany.html

Fosun said to have approached Alleghany about buying division/s; Swiss RE also believed to be circling US insurance group

I'm hearing from top sources that Fosun, the fast growing private Chinese conglomerate, is interested in buying parts of Alleghany Corporation, the US-listed insurance group.

Indeed, I have been told Fosun - which is run by entrepreneur Guo Gaungchang, often dubbed the 'Warren Buffett of the East' - has already expressed an interest in purchasing divisions of Alleghany.