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DB Insurance to Buy U.S. Insurer Fortegra to Enter the American Specialty Insurance Market and Diversify Beyond its Slowing Domestic Business

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DB Insurance Co., Ltd. has signed an agreement with Tiptree Inc. and Warburg Pincus LLC under which DB Insurance will acquire 100% of The Fortegra Group, Inc., a U.S.–based specialty insurer. The purchase price is approximately USD 1.65 billion (≈ KRW 2.3 trillion), to be paid in cash to Tiptree and Warburg Pincus. DB Insurance will fund the acquisition using its internal cash reso... https://www.coherentmarketinsights.com/news/db-insurance-to-buy-us-insurer-fortegra-to-enter-american-insurance-market-1594

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