Korean Insurer DB to Buy Fortegra for $1.65 Billion in US Foray

Core Insights - DB Insurance Co. has agreed to acquire Fortegra Group for $1.65 billion, marking the largest acquisition by a South Korean non-life insurer in the US [1][2] - The acquisition will enhance DB Insurance's presence in the US property and casualty market, as well as in the surety and warranty sectors [1] - This transaction is the first-ever purchase of a US insurer by a Korean non-life company, signifying a pivotal moment for DB Insurance in its global expansion strategy [2] Company Details - Fortegra Group, a unit of Tiptree Inc., has a portfolio in specialty insurance and operates in both the US and Europe [3] - The acquisition is subject to Tiptree's approval and is expected to close in mid-2026 [2] - Barclays Plc. and BofA Securities advised Fortegra, while Goldman Sachs Group Inc. provided advisory services to DB Insurance [3]