Sources familiar with the development were quoted by Bloomberg as saying that Fosun may pay a premium of approximately $400m to $500m for Aurora.
On the condition of anonymity, the sources further told the publication that the deal has not been finalized yet and talks could still fall apart.
Go deeper with GlobalData
Zurich-based Swiss Re hired British banking firm Barclays in 2013 to help to divest Hartford, Connecticut-based Aurora.
One source said that Wilton Re Holdings, a Bermuda-based reinsurer, had also expressed interest in Aurora.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
