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Stock impact report

Fortegra Granted License to Operate in Belgium and European Union [Yahoo! Finance]

Tiptree Inc. (TIPT) 
US:NASDAQ Investor Relations: tiptreefinancial.com
Company Research Source: Yahoo! Finance
June 11, 2024 /PRNewswire/ -- The Fortegra Group, Inc. ("Fortegra" or the "Company"), a multinational specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced its approval to operate in Belgium and the European Union. Fortegra Belgium Insurance Company, NV will be based in Brussels and will underwrite specialty lines of business. Fortegra Europe Insurance Company, Fortegra's Malta company, will continue its focus on warranty products. Fortegra's Belgium operations offer the Company access to strategic distribution channels in a continually evolving market. Fortegra will now be able to collaborate with European managing general agents (MGAs) that are experts in their chosen products and sectors, providing these MGAs with flexible deal structures, partnership transparency, and shared risk. "The MGA space across Europe is vibrant and compelling and provides a tremendous growth opportunity," said Rick Kahlbaugh , President and Chief Executive Officer at Fortegr Show less Read more
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