Reinsurance News
Tiptree
Tiptree shareholders approve sale of Fortegra to DB Insurance
4th December 2025
Tiptree has announced that its shareholders have approved the previously disclosed agreement for DB Insurance Co., Ltd. to acquire all outstanding shares of The Fortegra Group, Inc., a global specialty insurer and subsidiary of Tiptree, at the company’s Special Meeting of Shareholders. Initially announced in September 2025, DB Insurance is ... Read the full article
Proxy firms differ on Tiptree’s sale of Fortegra to DB Insurance
24th November 2025
Proxy advisory firms have split in their assessments of Tiptree Inc.’s proposed sale of its specialty insurer Fortegra to DB Insurance, setting the stage for a contentious shareholder vote at the company’s Special Meeting on December 3rd. The deal, announced in September, would see DB Insurance, South Korea’s second-largest non-life ... Read the full article
South Korea’s DB Insurance to acquire Fortegra in $1.65bn deal
26th September 2025
DB Insurance Co., Ltd., the second largest non-life insurer in South Korea, is set to acquire 100% of the outstanding shares of The Fortegra Group, Inc., a US-based specialty insurer, for approximately $1.65 billion (approximately KRW 2.3 trillion) in cash, from Tiptree and Warburg Pincus. The takeover is expected to provide ... Read the full article
Fortegra drives Tiptree’s $5.6m Q1’25 net income, sees improved CoR of 89.9% despite cat losses
7th May 2025
Tiptree has announced its financial results for the first quarter of 2025, reporting a net income of $5.6 million, compared to Q1 2024’s $9.1 million, and revenues of $497.4 million, which saw a slight decrease of 0.2% from Q1 2024. The company attributed the decrease in net income primarily to lower ... Read the full article
Fortegra announces launch of new UK subsidiary
4th December 2024
The Prudential Regulation Authority (PRA) has granted Fortegra, a global specialty insurer and subsidiary of Tiptree, approval to establish Fortegra Insurance Company UK, its new subsidiary in the United Kingdom. Fortegra has established a strong reputation in the Managing General Agents (MGAs) and Managing General Underwriters (MGUs) market. This success is ... Read the full article
Tiptree posts $12m net income in Q3’24 driven by growth in insurance business
1st November 2024
Holding company Tiptree has reported a net income of $11.9 million for the third quarter of 2024, up from $2.2 million in Q3 2023, driven by growth in its insurance business. Adjusted net income reached $27.9 million, a 55.9% increase from $17.9 million in Q3 2023, due to higher insurance revenues ... Read the full article
Insurance business Fortegra drives Q2 2024 net income growth at Tiptree
1st August 2024
Tiptree has announced a net income of $12.9 million for the second quarter of 2024, compared to the net income of $6.0 million seen in the same period last year. The company attributed this increase towards growth seen within their insurance business. Adjusted net income of $24.4 million increased by 38.5% ... Read the full article
Tiptree posts $9.1m net income in Q1’24, Fortegra’s CR sits at 90.3%
3rd May 2024
Tiptree has posted a net income of $9.1 million for the first quarter of 2024, compared to a net loss of $1.1 million in the first quarter of 2023. The company attributed this increase towards growth seen within their insurance business, improved mortgage operations and investments gains. Tiptree also posted $498.2 million ... Read the full article
Tiptree’s Fortegra posts 37.5% rise in GWP in Q4’23
29th February 2024
Holding company Tiptree has reported a 37.5% increase in gross written premiums and premium equivalents for its specialty insurance subsidiary, Fortegra, in the fourth quarter of 2023. The gross written premiums and premium equivalents grew in Q4'23 and 21.4% for the year, driven by growth in specialty E&S and admitted insurance ... 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
The Fortegra Group appoints new CFO and EVP of Intl. Business Development
16th August 2023
Global specialty insurer and a subsidiary of Tiptree Inc., The Fortegra Group, Inc., has announced the appointment of Edward Peña as Chief Financial Officer (CFO) effective starting August 28th, 2023. Mike Grasher, Fortegra's current CFO, will transition to the role of Executive Vice President of International Business Development. Rick Kahlbaugh, Chief Executive ... Read the full article
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