Fortegra Financial Corporation Announces the Formation of New Excess and Surplus Lines Subsidiary Fortegra Specialty Insurance Company.

Business Wire | October 01, 2020

Fortegra Financial Corporation Announces the Formation of New Excess and Surplus Lines Subsidiary Fortegra Specialty Insurance Company.
Fortegra Financial Corporation, a leading specialty insurer and subsidiary of Tiptree Inc. Announced today the formation of a new excess and surplus lines subsidiary, Fortegra Specialty Insurance Company. Now that it has received approval in its domicile state of Arizona, Fortegra’s new E&S subsidiary is working to obtain the remaining regulatory approvals necessary to conduct business throughout the United States. Fortegra anticipates that underwriting within the E&S company will commence in the fourth quarter of 2020. Richard Kahlbaugh, CEO of Fortegra, commented, We have seen rates harden in the market. The catalysts for the hardening are diverse and as such we expect the trend to continue for the foreseeable future. Adding an excess and surplus lines company to our portfolio was a natural response, allowing us to broaden our product reach and scope within the U.S.

Spotlight

The insurance industry today is at a transformative stage, where it is witnessing an unrelenting march of digitization and a proliferation of devices. This is leading towards an integrated experience across multiple channels. Thereby, it not only enhances existing business models but also impacts newer opportunities for premium uplift and operational effectiveness. The customer enjoys being at the epicenter of this digital revolution, forcing insurance enterprises to relook their strategy.

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Spotlight

The insurance industry today is at a transformative stage, where it is witnessing an unrelenting march of digitization and a proliferation of devices. This is leading towards an integrated experience across multiple channels. Thereby, it not only enhances existing business models but also impacts newer opportunities for premium uplift and operational effectiveness. The customer enjoys being at the epicenter of this digital revolution, forcing insurance enterprises to relook their strategy.