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Tiptree Announces Closing Of Strategic Investment In Fortegra From Warburg Pincus Llc

Jun 21, 2022•about 3 years ago

Description

Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced the closing of the previously announced $200 million strategic investment in its insurance subsidiary, The Fortegra Group, Inc. (“Fortegra”) from Warburg Pincus, a leading global growth investor.

Company Information

Company

Tiptree

About

Tiptree Inc. (NASDAQ: TIPT) is a holding company that allocates capital across a broad spectrum of businesses, assets and other investments. The company’s largest operating business, Fortegra, is a leading specialty insurance underwriter and service provider, which focuses on niche business lines and fee-oriented services. The company also allocates capital to a diverse group of select investments that we refer to as Tiptree Capital. For more information, please visit www.tiptreeinc.com.