Fosun aims to acquire run-off assets in Europe

Fosun Group, the $24.7 billion Chinese investment group based in Shanghai, is planning to buy 'run-off' insurance assets in Europe in the near future, as part of its plan to diversify the sources for insurance assets. The purchases of run-offs, or outstanding insurance policy portfolios from an insurance company that are still paying out to existing policy holders but not accepting new ones, are expected help Fosun accrue $5 billion to $10 billion additional investable assets over…