JACKSONVILLE, Fla., Feb. 7, 2024
/PRNewswire/ -- The Fortegra Group, Inc. ("Fortegra" or the
"Company"), a multinational specialty insurer and subsidiary of
Tiptree Inc. (NASDAQ: TIPT), today announced that due to prevailing
market conditions and the high value Tiptree Inc. ("Tiptree") and
Warburg Pincus LLC ("Warburg") place on Fortegra and its growth
prospects, Tiptree and Warburg have decided to withdraw the
registration statement relating to the previously announced initial
public offering by Fortegra. Tiptree and Warburg remain committed
to supporting Fortegra as it continues to execute its growth
strategy.
About Fortegra
For more than 45 years, Fortegra, via its subsidiaries, has
underwritten risk management solutions that help people and
businesses succeed in the face of uncertainty. As a multinational
specialty insurer whose insurance subsidiaries have an A.M. Best
Financial Strength Rating of A- (Excellent), we offer a diverse set
of admitted and excess and surplus lines insurance products and
warranty solutions.
CONTACT:
Media
Edelman
Smithfield for
Fortegra
fortegra@edelman.com
Investor Relations
ir@fortegra.com
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SOURCE Fortegra