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South Korea’s DB Insurance finalises $1.65bn Fortegra acquisition
Key takeaways
- The deal, first announced last September, closed after Tiptree shareholders approved it in December.
- It 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.
South Korea’s DB Insurance finalises $1.65bn Fortegra acquisition For Tiptree · Life Insurance International Shubhendu Vimal Mon, June 1, 2026 at 6:38 PM GMT+7 2 min read 005830.KS TIPT South Korea-based non-life insurer DB Insurance has completed its $1.65bn (Won2.49tn) all-cash purchase of US specialty insurer the Fortegra Group from Tiptree and Warburg Pincus.
The deal, first announced last September, closed after Tiptree shareholders approved it in December.
It was carried out through a merger involving a wholly owned subsidiary of DB Insurance.
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