SOUTHFIELD, Mich., July 1, 2015 /PRNewswire/ -- Meadowbrook Insurance Group, Inc. (NYSE: MIG) ("Meadowbrook") announces that on July 1, 2015, Fosun International Limited has received the required approval from the Ohio Department of Insurance regarding the acquisition of control of Meadowbrook's insurance company subsidiary, Century Surety Company, domiciled in the state of Ohio. The closing of the acquisition remains subject to the fulfillment or waiver of certain other customary closing conditions that have not yet been satisfied, including receipt of the remaining required insurance regulatory approval for Meadowbrook's insurance company domiciled in the state Missouri (Savers Property and Casualty Insurance Company). The application for the insurance regulatory approval in Missouri is substantially complete.
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.