Fortegra Group Inc., a global specialty insurer and subsidiary of Tiptree Inc., announced it has secured a box in the underwriting room at Lloyd’s.
Effective immediately, Fortegra will operate from Box 388 on the third gallery in the Lloyd’s underwriting room, which represents a significant milestone in the company’s strategic commitment to the London insurance market.
In addition to the Lloyd’s box, the company has network of more than 20 locations — including its London office at 20 Fenchurch Street’s so-called “Walkie Talkie” building and offices across the United States and Europe.
“This represents a pivotal next step in our long-term expansion strategy,” said Mark Figes, chief executive officer of Fortegra Insurance UK Ltd. “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.”
“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,” according to Rick Kahlbaugh, president and CEO of Fortegra Group Inc.
On September 26, Fortegra Group announced it had agreed to be acquired by South Korea’s DB Insurance Co. for $1.65 billion. The deal, which is subject to stockholder and regulatory approvals, is expected to be completed in mid-2026.
Source: Fortegra
Photograph: Employees line the balconies and escalators of the Lloyd’s of London building during the annual armistice service of remembrance in London, on Nov 12, 2021. Photo credit: Christopher Furlong/Getty Images
