NASDAQ : TIPT
$0.19 (1.08%)
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AM Best Comments on Credit Ratings of Universal Shield Insurance Group Subsidiaries Following Announced Transaction with Tiptree Inc.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of Universal Shield Insurance Group (USIG) (Waterford, MI) subsidiaries remain unchanged following the announcement that Tiptree Inc. (TIPT) and Universal Shield Insurance Group (USIG) have entered into a definitive agreement under which TIPT will acquire USIG, a specialty property/casualty insurer operating in both admitted and non-admitted markets. USIG subsidiaries have a Financial Strength Rating of A- (. businesswire.com - 2026-07-30 17:14:00 |
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Tiptree Announces Second Quarter 2026 Results and Acquisition of Universal Shield Insurance Group
GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three and six months ended June 30, 2026, and, separately, that it has entered into a definitive agreement to acquire Universal Shield Insurance Group ("USIG"), a specialty property & casualty insurer operating in both admitted and excess & surplus ("E&S") markets. The acquisition continues Tiptree's focus on specialty P&C insurance as a core. businesswire.com - 2026-07-29 09:00:00 |
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Tiptree and Warburg Pincus Announce Closing of Fortegra Sale
GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ: TIPT) (the “Company” or “Tiptree”) and Warburg Pincus LLC (“Warburg Pincus”) today announced the successful closing of the previously disclosed sale of The Fortegra Group, Inc. (“Fortegra”), a leading specialty insurer, to DB Insurance Co., Ltd., Korea's leading property and casualty insurer. “We are pleased to have successfully completed the sale of Fortegra, which represents the culmination of a multi-year strategy to build and scale a. businesswire.com - 2026-05-29 16:01:00 |