DB Insurance has announced the completion of its $1.65bn all-cash purchase of US specialty insurer the Fortegra Group from Tiptree and Warburg Pincus.
The deal, first announced in September 2025, was closed after Tiptree shareholders approved it in December and was carried out through a merger involving a wholly owned subsidiary of DB Insurance.
Fortegra, which had been jointly owned by insurance company Tiptree and private equity firm Warburg Pincus, is now a wholly owned subsidiary of DB Insurance. This is the largest US market entry by a South Korean non-life insurer.
Fortegra was founded in 1978 and is headquartered in Jacksonville, Florida. In 2024, it reported gross written premiums of $3.07bn and net income of $140m. The insurer is licensed in all 50 US states and has operations in eight European countries.
DB Insurance has had a presence in the US since 1984, when it opened a branch in Guam, and the acquisition adds warranty and surety lines to DB Insurance’s operations and expands the group’s geographic reach across major property and casualty markets.