Reinsurance News

Fortegra

Fortegra appoints Bianca Hoshina as Chief Reinsurance Buyer

22nd January 2024

Fortegra, the multinational specialty insurer, has appointed Bianca Hoshina as its Chief Reinsurance Buyer. She will be based out of Miami, Florida. Hoshina is an experienced underwriter, who started her career in 1999 as a Business Analyst and Consultant at ZEFER Corporation. Hoshina has expertise working in the re/insurance industry, in areas ... Read the full article

Tiptree’s Fortegra files for IPO

14th November 2023

Fortegra, the specialty insurance subsidiary of holding company Tiptree, has publicly filed a Registration Statement on Form S-1with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). Earlier this month, alongside the announcement of its third quarter results, Tiptree highlighted its plans to take Fortegra public. The size ... Read the full article

Tiptree posts rise in Q3’23 revenue, intends IPO of specialty insurance business Fortegra

2nd November 2023

Holding company Tiptree has reported revenues of $416.5 million for Q3'23, an increase of 14.6% from Q3'22, driven by growth in Fortegra’s specialty insurance lines. Tiptree intends to take its specialty insurance subsidiary, Fortegra, public. Tiptree expects the Fortegra IPO to be a primary offering with the proceeds used to support ... Read the full article

Fortegra & Rockwood Programs partner to provide tailored solutions for financial institutions

13th July 2023

Fortegra Specialty Insurance Company (FSIC), a subsidiary of The Fortegra Group, Inc. (Fortegra), and Rockwood Programs, Inc. have partnered to develop specialised insurance products tailored to the unique liability exposures faced by financial institutions. Under the brand name Bankers Defender, the comprehensive solution is designed to address the needs of mortgage ... Read the full article

Fortegra hires Abigail Taylor as Chief Operating Officer

1st June 2023

The Fortegra Group, a specialty insurer and subsidiary of Tiptree Inc., has appointed Abigail Taylor as Chief Operating Officer. At the same time, the company has also named Joe Lettween as Chief Innovation, Data Science, and Technology Officer. According to Fortegra, both hires bring a level of expertise and experience amongst Fortegra’s senior leadership across ... Read the full article

Kevin Bouchard joins Fortegra Specialty Insurance as SVP

19th May 2023

Insurance professional Kevin Bouchard has joined Fortegra, global specialty insurance subsidiary of holding company Tiptree, as Senior Vice President, Specialty. Bouchard brings two decades of experience within the finance and property & casualty insurance industry to his new Florida-based role. He joins the global specialty insurer from Victor US, where he most ... Read the full article

Specialty insurance business Fortegra drives Q1’23 revenue growth at Tiptree

4th May 2023

Holding company Tiptree has reported a substantial increase in revenues for Q1 2023, with growth driven to a large degree by the company’s global specialty insurance subsidiary, Fortegra. Revenues increased by 17.5% to $381.6 million thanks to growth in the insurance business. This was partially offset by declines in the mortgage ... Read the full article

After an impressive two decades, we’d like the growth to continue: Fortegra CEO, Kahlbaugh

20th April 2023

During his 20-year tenure with specialty insurer Fortegra, Chief Executive Officer (CEO) Rick Kahlbaugh’s leadership has seen the company expand into a multi-line carrier with annual premiums in the billions of dollars, supported by a willing and able team dedicated to generating profitable underwriting for shareholders. Kahlbaugh, who also serves as ... Read the full article

Fortegra specialty business drives revenue growth at Tiptree

10th March 2023

Holding company Tiptree has reported a substantial increase in revenues for 2022, with growth driven to a large degree by the company’s global specialty insurance subsidiary, Fortegra. Revenues increased by 16.4% to $1.4 billion thanks to growth in the insurance business, as well as increases in charter rates and a maritime ... Read the full article

Fortegra to provide capacity to newly formed fronting specialist Adlaur

2nd March 2023

Fortegra, a global specialty insurer and subsidiary of Tiptree Inc., has announced a new collaboration whereby it will provide capacity to newly formed fronting specialist Adlaur LLC. Adlaur is a newly created entity headquartered in New Jersey and led by former Spinnaker Insurance Company executives Adam Tyburski and Laurence Bunin. The partnership ... Read the full article

Tiptree’s Fortegra acquires majority interest in Premia Solutions

13th February 2023

Global specialty insurer Fortegra, a subsidiary of Tiptree, has announced it has acquired a majority interest in Premia Solutions Limited, further expanding its Automotive Market Solutions in the UK and Ireland. Founded in 2000, Premia supports more than 2,000 automotive dealerships and leasing brokers, offering a suite of add-on insurance and ... Read the full article

I-RE adds commercial property to RE-PAID product

29th June 2022

I-RE is to add commercial property as a new line of business to its RE-PAID product from the beginning of next month. The firm said the addition of commercial property would sit alongside its current workers’ compensation and commercial auto offering. Andy Jeckells, co-chief executive of I–RE, said: “The RE–PAID product continues ... Read the full article

Tiptree confirms closing of $200m Fortegra investment

22nd June 2022

Holding company Tiptree has confirmed the closing of a previously announced $200 million strategic investment in its insurance subsidiary, The Fortegra Group, Inc., from Warburg Pincus, a global growth investor. First announced in October last year, the investment gives Warburg Pincus an approximately 24% ownership in Fortegra on an as-converted ... Read the full article

Tiptree’s Fortegra gets $200m investment from Warburg Pincus

13th October 2021

Holding company Tiptree has announced a $200 million strategic investment in its insurance subsidiary, The Fortegra Group, from Warburg Pincus, a 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. Fortegra ... Read the full article

Fortegra promotes Mark Davies to SVP, Alternative Risk

17th September 2021

The Fortegra Group, a global specialty insurer and subsidiary of Tiptree, has promoted Mark Davies to Senior Vice President of Fortegra's Alternative Risk Team. In his expanded role, Davies will support programs with bespoke needs and demands. Davies has been with Fortegra since 2017, most recently serving as Vice President of Specialty ... Read the full article