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