Fortegra

Tiptree Announces Strategic Investment in Fortegra From Warburg Pincus LLC

Retrieved on: 
Tuesday, October 12, 2021
Finance, Professional Services, Other Professional Services, Legal, Insurance, NASDAQ, Company, Barclays, Sidley Austin, BofA Securities, Inc., LLC, TIPT, Ownership, Growth, SBI General Insurance, Industry, McGill, Annual report, SBI, Barnes, SEC, Warburg Pincus, Investment, Paulo, RenaissanceRe, Max Life Insurance, Nature, Arch Capital Group, Ropes & Gray, Geography, Partner, Special, Solution, Partnership, Petplan, Insurance, Willkie Farr & Gallagher, Financial services, Reinsurance, Risk management, Tiptree, Fortegra, Warburg Pincus, TIPTREE, FORTEGRA, WARBURG PINCUS

Tiptree Inc. (NASDAQ:TIPT) (Tiptree or the Company), today announced a $200 million strategic investment in its insurance subsidiary, The Fortegra Group, LLC (Fortegra) from Warburg Pincus, a leading global growth investor.

Key Points: 
  • Tiptree Inc. (NASDAQ:TIPT) (Tiptree or the Company), today announced a $200 million strategic investment in its insurance subsidiary, The Fortegra Group, LLC (Fortegra) from Warburg Pincus, a leading global growth investor.
  • The investment will give Warburg Pincus an approximate 24% ownership in Fortegra on a fully diluted basis and is expected to close in the first quarter 2022.
  • With the backing of Tiptree and Warburg Pincus, Fortegra enters its next phase of growth focused on the specialty admitted and E&S lines, while maintaining its historically strong underwriting principles.
  • Joining forces with Warburg Pincus is yet another chapter in the Fortegra story and together Fortegra, Tiptree and Warburg Pincus will accelerate the exceptional growth and profitability of Fortegra, said Rick Kahlbaugh, the Chief Executive Officer of Fortegra.

Fortegra Europe Selected as Exclusive Extended Warranty and Add-On Insurance Product Provider for Motorpoint

Retrieved on: 
Wednesday, July 14, 2021
Insurance, Automotive, Specialty, Professional services, Automotive Manufacturing, General Automotive, Manufacturing, Retail, Types of insurance, Contract law, Insurance, Warranty, Product, GAP insurance, Articles, Economy, Business, Fortegra, Motorpoint, FORTEGRA, MOTORPOINT

We selected Fortegra Europe because of Fortegras overall financial strength and stability, said Jon Baird, Chief Commercial Officer at Motorpoint.

Key Points: 
  • We selected Fortegra Europe because of Fortegras overall financial strength and stability, said Jon Baird, Chief Commercial Officer at Motorpoint.
  • Fortegras insurance add-on products include vehicle warranties and ancillary products such as GAP Insurance, Key Protection, Paint Protection, and Asset Protection.
  • Fortegra is dedicated to delivering insurance products that offer tangible benefits and real peace of mind by protecting consumers financially.
  • Motorpoint began writing business with Fortegra on May 1, 2021, and despite COVID, both have seen robust results.

Fortegra Announces Expansion of Partnership with Badcock Home Furnishings & More - Named Exclusive Provider of Service Contracts and Credit Insurance Products

Retrieved on: 
Thursday, July 1, 2021
Professional services, Retail, Other Professional Services, Other Retail, Home Goods, Insurance, Specialty, Badcock Home Furniture, Mulberry, Florida, Badcock, Insurance, Professional services, Retail, Other Professional Services, Other Retail, Home Goods, Insurance, Specialty, Badcock Home Furniture, Mulberry, Florida, Badcock, Insurance, Fortegra, W.S. Badcock Corporation, FORTEGRA, W.S. BADCOCK CORPORATION

The Fortegra Group, LLC (Fortegra), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the expansion of their partnership with Badcock Home Furniture &more (Badcock).

Key Points: 
  • The Fortegra Group, LLC (Fortegra), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the expansion of their partnership with Badcock Home Furniture &more (Badcock).
  • For almost 15 years, Fortegra has been providing Badcock customers with both credit insurance and furniture service contracts.
  • By replacing the previous provider of service contracts on appliances & electronics, Fortegra will now be the exclusive credit insurance and protection plan provider across all 382 Badcock stores.
  • We decided to consolidate our product offerings with Fortegra based on their approach to the business and the way in which they value the partnership.

Fortegra Partners With DEFEND INSURANCE GROUP

Retrieved on: 
Wednesday, July 10, 2019
Consulting, Automotive, Professional services, Other Automotive, General Automotive, Other Professional Services, Insurance, Finance, Economy, Finance, Service industries, Insurance, Insurance industry, Fortegra, DEFEND INSURANCE GROUP

Fortegra Financial Corporation (Fortegra), a leading international specialty insurer and subsidiary of Tiptree Inc. (Tiptree), today announces that it has acquired a majority interest in DEFEND INSURANCE GROUP (DEFEND), a leading CEE automotive specialty insurance solutions provider and claims administrator operating in the Czech Republic, Poland, Hungary, Slovakia, and the UK.

Key Points: 
  • Fortegra Financial Corporation (Fortegra), a leading international specialty insurer and subsidiary of Tiptree Inc. (Tiptree), today announces that it has acquired a majority interest in DEFEND INSURANCE GROUP (DEFEND), a leading CEE automotive specialty insurance solutions provider and claims administrator operating in the Czech Republic, Poland, Hungary, Slovakia, and the UK.
  • Effective July 1, Fortegra acquired a majority stake in Ingenasys, Ltd., the parent holding company of DEFEND INSURANCE GROUP.
  • We are very happy to join Fortegra to help us continue the significant level of growth we have recorded over the last five years, said Andrew Quirke, Managing Director of DEFEND INSURANCE GROUP.
  • DEFEND INSURANCE GROUP provides specialty insurance solutions for the automotive sector including extended warranties, GAP, and other innovative products.