Fortegra Europe Insurance Company will maintain its focus on warranty products. Credit: Markus Spiske/Unsplash.

Fortegra Group, a specialty insurer and part of Tiptree, has received approval to extend its operations into Belgium and the EU.  

This move enables Fortegra to access new distribution channels and collaborate with European managing general agents (MGAs). 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Fortegra Belgium Insurance Company, which will be headquartered in Brussels, is set to underwrite specialty lines of business.  

Meanwhile, Fortegra Europe Insurance Company, based in Malta, will maintain its focus on warranty products.  

The expansion into Belgium provides Fortegra with ‘strategic’ distribution channels, the insurer said, enabling it to team up with European MGAs with ‘flexible’ deal structures, shared risk, as well as partnership transparency.   

Fortegra offers an array of specialty insurance products through its subsidiaries, including property, casualty and financial lines, as well as warranty and consumer product solutions.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Fortegra president and CEO Rick Kahlbaugh said: “The MGA space across Europe is vibrant and compelling and provides a tremendous growth opportunity. We are thrilled to receive this licene, which will allow us to provide innovative solutions to partners across Europe.” 

The insurer’s European venture follows the announcement of its initial public offering (IPO) in New York. 

However, the IPO plans were postponed by Fortegra’s backers, Tiptree and private equity company Warburg Pincus, due to market conditions.  

The anticipated net proceeds from the offering were aimed at supporting Fortegra’s growth initiatives and covering general corporate needs. 

Fortegra secured a $200m investment from Warburg Pincus in October 2021.