Meadowbrook Insurance Group, Inc. Announces California Department of Insurance Approval relating to Fosun International Ltd.'s Acquisition of the Company

SOUTHFIELD, Mich., June 26, 2015 /PRNewswire/ -- Meadowbrook Insurance Group, Inc. MIG ("Meadowbrook") announces that on June 25, 2015, Fosun International Limited has received the required approval from the California Department of Insurance regarding the acquisition of control of Meadowbrook's insurance company subsidiaries commercially domiciled in the state of California, which include Star Insurance Company, ProCentury Insurance Company and Williamsburg National Insurance Company.  The closing of the merger contemplated by the Merger Agreement 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 approvals for Meadowbrook's insurance companies domiciled in the state of Missouri (Savers Property and Casualty Insurance Company) and Ohio (Century Surety Company).  The applications for insurance regulatory approvals in each of those states are 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.

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SOURCE Meadowbrook Insurance Group, Inc.