Fortegra looks to UK growth as sale to DB Insurance completes
Korean insurer DB has completed the purchase of US-based global specialty insurer The Fortegra Group, which provides capacity to UK managing general agents.
The $1.65bn (£1.23bn) deal, announced in September last year, completed at the end of May.
When the takeover was first revealed the partners flagged it marked the largest US market entry by a Korean non-life insurer.
RelatedCommercial Express adds Fortegra as capacity provider as MGU plans step forwardManaging general agent Commercial Express has struck a capacity partnership with Fortegra, Insurance Age can reveal.
Previously, the Prudential Regulation Authority granted Florida-headquartered
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