Chinese conglomerate Fosun International has informed the Hong Kong stock exchange it is “considering pursuing” an initial public offering of wholly owned subsidiary Ironshore.

The company says “no final decision has been made… whether, when or where to proceed with the possible [offering]”.

In November last year Fosun bought the 80% of equity in Bermuda-based Ironshore it did not already own.

The Shanghai-based group had acquired an initial 20% stake in February last year.

Fosun has four core areas of business: insurance, industrial, investments and assets management.

Its insurance business includes investments in Chinese insurer Yong’an P&C Insurance, US-Sino joint venture Pramerica Fosun Life Insurance, Hong Kong-based Peak Reinsurance, Portuguese insurer Fidelidade Group, Canadian insurer MIG and Ironshore.