DB Insurance to Acquire U.S.-based Insurer Fortegra
Tiptree Inc. (TIPT)
US:NASDAQ Investor Relations:
tiptreefinancial.com
Company Research
Source: Business Wire
SEOUL, South Korea & GREENWICH, Conn. & NEW YORK--(BUSINESS WIRE)--DB Insurance Co., Ltd. (“DB Insurance”) (CEO Jong-Pyo Jeong), Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”) and Warburg Pincus LLC (“Warburg Pincus”) announced today that the parties have signed an agreement for DB Insurance to acquire 100% of the outstanding shares of The Fortegra Group, Inc. (“Fortegra”), a U.S.-based specialty insurer, for approximately $1.65 billion (approximately KRW 2.3 trillion) in cash from Tiptree and Warburg Pincus. The transaction will be funded in cash with internal resources from DB Insurance. The transaction will mark the largest U.S. market entry by a Korean non-life insurer.DB Insurance first entered the U.S. market in 1984 through its Guam branch and has since pursued a differentiated global business strategy with the goal of establishing “a second DB Insurance” abroad. The decision to acquire Fortegra, with 2024 annual premiums of KRW 4.4 trillion, reflects a strategic step to secure sc
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TIPT
News
- Tiptree Announces Shareholder Approval of Proposed Merger of Fortegra and DB Insurance [Yahoo! Finance]Yahoo! Finance
- Tiptree Financial (NASDAQ:TIPT) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- Tiptree Announces Shareholder Approval of Proposed Merger of Fortegra and DB InsuranceBusiness Wire
- Veradace Partners Reminds Tiptree Shareholders to Vote AGAINST Management's Self-Interested Sale of Fortegra [Yahoo! Finance]Yahoo! Finance
- Veradace Partners Reminds Tiptree Shareholders to Vote AGAINST Management’s Self-Interested Sale of FortegraBusiness Wire
TIPT
Sec Filings
- 12/4/25 - Form 8-K
- 12/1/25 - Form PX14A6G
- 11/25/25 - Form DEFA14A
- TIPT's page on the SEC website