Fortegra, a multinational specialty insurer and subsidiary of Tiptree Inc., has been granted licence to operate in Belgium and the European Union.
Based in Brussels, Fortegra Belgium Insurance Company, NV will underwrite specialty lines of business.
Its operation in the country offers the company access to strategic distribution channels in a continually evolving market.
The insurer’s Malta company, Fortegra Europe Insurance Company, will continue its focus on warranty products.
Thanks to its approval to operate in the region, Fortegra will now be able to collaborate with European managing general agents (MGAs) that are experts in their chosen products and sectors, and provide flexible deal structures, partnership transparency, and shared risk.
Fortegra, via its subsidiaries, offers a comprehensive portfolio of specialty insurance products, including property, casualty and financial lines products, alongside warranty and consumer product solutions.
Rick Kahlbaugh, President and Chief Executive Officer at Fortegra, commented: “The MGA space across Europe is vibrant and compelling and provides a tremendous growth opportunity.
“We are thrilled to receive this licence, which will allow us to provide innovative solutions to partners across Europe.”
