Tiptree Announces Closing of Strategic Investment in Fortegra

Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced the closing of the previously announced $200 million strategic investment in its insurance subsidiary, The Fortegra Group, Inc. (“Fortegra”) from Warburg Pincus, a leading global growth investor. The investment gives Warburg Pincus an approximately 24% ownership in Fortegra on an as-converted basis. Up to $60 million of the proceeds will be used to support Fortegra’s growth opportunities with the remainder used to repay Tiptree’s existing indebtedness...

Ping An Honored at Efma-Accenture Innovation in Insurance Awards

Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) is delighted to announce that Ping An Life has won the Global Bronze Award for Re-imagining the Customer Experience at the Efma-Accenture Innovation in Insurance Awards 2022 with its “Intelligent Visiting Assistant – AI Meeting Platform”. Ping An Life is the only Chinese company among the award winners, demonstrating its outstanding performance in digital transformation Built with Ping An’s proprietary artificial intelligence (AI) technology, the “Intelligent...

Fyllo Regulatory Database Now Available for Cryptocurrency

Fyllo, the leading platform providing data-driven marketing and regulatory solutions to drive new growth, today announced its expansion into the cryptocurrency vertical. The Fyllo Regulatory Database is available across the U.S. to help businesses ensure their current and planned cryptocurrency products are compliant in the constantly changing, complex and often ambiguous regulatory environment. The Fyllo Regulatory Database, which services compliance leaders in the cannabis sector, including MSOs, law firms and entrepreneurs, will now provide the...

Integro Bank Successfully Launches

President, CEO and Founder of Integro Bank, Thomas J. Inserra announced today that it received final regulatory approvals from the State of Arizona and the Federal Deposit Insurance Corporation (FDIC) to disburse its capital from escrow and open the bank. This means the bank is now legally chartered and that its customer deposits have federal deposit insurance protection from the FDIC. “Our team successfully collected approximately $29.0 million in capital from 207 business owners and individual shareholders who invested in our...

Intact Insurance Group USA LLC to Acquire Highland Insurance Solutions

Intact Insurance Group USA LLC (Intact), doing business under the brand name Intact Insurance Specialty Solutions, announced today that it has entered into a definitive agreement to acquire Highland Insurance Solutions (“Highland”), the U.S. construction division of Tokio Marine Highland (TMH), from Tokio Marine Kiln (TMK). Highland is a managing general agent specializing in the builders risk segment of the construction market, and will expand Intact’s portfolio of owned distribution assets. The transaction is expected to close...

Preferred Employers Insurance Welcomes New Industry Specialist

Preferred Employers Insurance, a Berkley Company, welcomes workers’ compensation specialist, Sandra Marquez, to the team. Sandra brings nearly two decades of successful underwriting, sales, and broker development experience to Preferred Employers Insurance. As Sales & Distribution Manager for Southern California, Sandra will be responsible for broker relationships, assisting producers in achieving sales objectives, client retention and growing sales volume profitably. She will also focus on further developing the Preferred Employers Insurance brand, its regional expertise and promotion...

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