Ironshore cancels acquisition

Ironshore Inc. said that its transaction to acquire all of the shares of Assetinsure Holdings Pty Limited, the parent company of Assetinsure Pty Limited, will not proceed by mutual agreement of the parties.  

The transaction was announced earlier this year, but remained subject to customary closing conditions. 

“Both parties agreed that it was not in their best interests to continue with the transaction, after extensive discussions. We wish Assetinsure well in its future endeavours,” stated Mark Wheeler, CEO of Ironshore International Limited.