Fortegra Group, a global specialty insurer and subsidiary of Tiptree Inc., has secured a box in the underwriting room at Lloyd’s.
Fortegra will operate from Box 388 on the third gallery in the Lloyd’s underwriting room, effective immediately.
This marks a major milestone in the company’s strategic commitment to the London insurance market and positions it as a key player in developing reliable insurance solutions for complex and evolving risks.
Fortegra adds the Lloyd’s box to its network of more than 20 locations, including its London office at the iconic 20 Fenchurch Street “Walkie Talkie” building and offices across the US and Europe.
“This represents a pivotal next step in our long-term expansion strategy,” said Mark Figes, CEO of Fortegra Insurance UK Limited. “Our presence in the Lloyd’s underwriting room builds upon our established operations in London and Brussels, enhancing our ability to deliver reliable insurance solutions and seamless market access to our partners.”
Rick Kahlbaugh, President and CEO of Fortegra Group, Inc., added, “Lloyd’s represents the epicenter of the global specialty insurance market. Our physical presence here underscores our commitment to deepening relationships with brokers and partners while positioning Fortegra at the heart of international risk transfer.”
This move follows last month’s announcement that DB Insurance Co., Ltd., the second-largest non-life insurer in South Korea, is set to acquire 100% of The Fortegra Group’s outstanding shares for approximately $1.65 billion from Tiptree and Warburg Pincus.
