Chinese conglomerate Fosun International’s subsidiary Ironshore has applied to list in the US, according to a preliminary prospectus.

The prospectus says the initial public offering (IPO) for the insurer is valued at $US100 million ($133 million). It makes no mention of which US exchange will be chosen.

“Our relationship with our parent company Fosun provides us with strategic opportunities for international growth, especially in Asia,” the prospectus filed with the US Securities and Exchange Commission says.

“Fosun has a global network of portfolio, client and vendor companies and deep connections in China that we believe will help us expand into Asia and other markets. As Chinese companies expand internationally, we believe our access to Fosun’s network will provide opportunities for new business and new clients.”

Ironshore recorded net income of $US57.8 million ($76.7 million) and revenue of $US1.65 billion ($2.19 billion) last year. Gross written premium totalled $US2.16 billion ($2.87 billion) and the combined operating ratio was steady at 93.7%.

Hong Kong-listed Fosun completed its buyout of Ironshore last year, acquiring the 80% of shares it did not already own for $US1.84 billion ($2.44 billion).

It initially purchased a 20% stake for $US463.8 million ($615.4 million) in 2014.