Fortegra Europe Establishes Czech Branch
September 23 2021 - 4:02AM
Business Wire
Leading specialty insurer strengthens its local
presence in Central Eastern Europe
Fortegra Europe Insurance Company (“Fortegra” or “Company”), a
leading international specialty insurer and subsidiary of Tiptree
Inc. (NASDAQ: TIPT) (“Tiptree”), today announced the registration
of a branch office in Prague, Czech Republic. The establishment of
which will further strengthen Fortegra’s European presence. The
Czech branch has all the regulatory approvals in place and is ready
to write business in the Czech Republic, effective immediately.
Fortegra chose Prague for its strategic location within the
heart of Europe and its proximity to Fortegra’s Central and Eastern
European administrator, DEFEND INSURANCE GROUP (“DEFEND”),
headquartered in Prague.
The branch will be led by Andrew Quirke, whose experience in the
automotive insurance industry spans 25 years and five countries.
Quirke co-founded DEFEND, which was acquired in 2019 by Fortegra.
Apart from his industry expertise, he has extensive knowledge of
the local market, which will help the Company further expand its
footprint in the region.
“I’m delighted by the many opportunities the Prague branch
brings for the Czech insurance market. Brokers and agents will now
have a direct relationship with an insurer that has a local
presence in the country,” said Andrew Quirke, the branch’s General
Representative.
Sanjay Vara, Executive Vice President and Chief Underwriter,
commented, “This branch opening is another step forward for our
European growth strategy. By providing Central and Eastern European
partners with direct access to an A- rated insurer, we hope to
inspire trust and compliance confidence.”
The branch establishment underlines the Company’s continued
confidence in the long-term growth potential of Central and Eastern
Europe. The Czech branch will create new avenues for growth by
offering the same innovative, flexible, and customer-responsive
programs that have been the hallmark of DEFEND’s success.
About Fortegra
Fortegra Europe Insurance Company is a subsidiary of The
Fortegra Group, LLC, a global specialty insurer. Fortegra and its
subsidiaries underwrite and administer a comprehensive and diverse
set of admitted and surplus insurance products and warranty
solutions across the United States and around the world. For over
40 years, Fortegra’s collaborative approach, experienced team, and
innovative products have fuelled consistent growth and increasing
demand from both domestic and international partners. The Company
holds an A.M. Best Financial Strength Rating of A- (Excellent). For
more information on Fortegra, visit: https://www.fortegra.com/.
Fortegra Europe Insurance Company Ltd (Malta Company
Registration Number C 84703) has its registered head office at
Office 13, SOHO Office The Strand, Fawwara Building, Triq I-Imsida,
Gzira, GZR 1401, Malta. It is authorised under the Insurance
Business Act 1998 of the laws of Malta to carry out general
business and is regulated by the Malta Financial Services
Authority, Triq l-Imdina, Zone 1, Central Business District,
Birkirkara, CBD 1010, Malta. The insurer was entered on March 24,
2021 into the registry managed and maintained by Czech National
Bank as a branch of a foreign insurance company offering insurance
services in the Czech Republic. The Czech branch address is
Roztylská 1860/1, 148 00 Prague, identification number
11737379.
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version on businesswire.com: https://www.businesswire.com/news/home/20210923005165/en/
Fortegra Czech Branch: Kateřina Písaříková
marketing@fortegra.cz +420 737 862 664
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