SOUTHFIELD, Mich., July 6, 2015 /PRNewswire/ -- Meadowbrook Insurance Group, Inc. (NYSE: MIG) ("Meadowbrook") announces that on July 6, 2015, Fosun International Limited has received the required approval from the Missouri Department of Insurance regarding the acquisition of control of Meadowbrook's insurance company subsidiary, Savers Property and Casualty Insurance Company, domiciled in the state of Missouri. As of July 6, 2015 all required insurance regulatory approvals have been received. Meadowbrook intends to complete the acquisition as promptly as possible.
About Meadowbrook Insurance Group
Meadowbrook Insurance Group, Inc., based in Southfield, Michigan, is a leader in the specialty program management market. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations and six property and casualty insurance underwriting companies. Meadowbrook has twenty-eight locations in the United States. Meadowbrook is a risk management organization, specializing in specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook Insurance Group, Inc. common shares are listed on the New York Stock Exchange under the symbol "MIG". For further information, please visit Meadowbrook's corporate web site at http://www.meadowbrook.com.
SOURCE Meadowbrook Insurance Group, Inc.