Fortegra Expands Alternative Risk Team

Rhea-AI Summary

The Fortegra Group has promoted Mark Davies to Senior Vice President of its Alternative Risk Team, enhancing its capabilities in tailored insurance solutions. Davies, who has been with the company since 2017, previously served as Vice President of Specialty Product Underwriting and has played a key role in the firm's specialty business growth. His extensive experience in underwriting positions, including roles at Barents Re and Novae plc, prepares him to drive Fortegra's expansion in meeting bespoke client needs. The company holds an A.M. Best Financial Strength Rating of A- (Excellent).

Positive

• Promotion of Mark Davies enhances leadership in the Alternative Risk Team.
• Davies has a proven track record in specialty product underwriting.
• Fortegra's strong A.M. Best Financial Strength Rating of A- supports investor confidence.

Negative

• None.

JACKSONVILLE, Fla. & LONDON--(BUSINESS WIRE)-- The Fortegra Group, LLC ("Fortegra" or the “Company”), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the promotion of Mark Davies to Senior Vice President of Fortegra's Alternative Risk Team. In his expanded role, Davies will support programs with bespoke needs and demands.

Davies has been with Fortegra since 2017, most recently serving as Vice President of Specialty Product Underwriting. He has been instrumental in growing the Company’s specialty book of business while maintaining Fortegra's high standards of risk selection and analysis. Davies will continue to operate from Fortegra's London office.

Mark Rattner, Executive Vice President and Chief Underwriter, commented, "Mark brings an innovative mindset and underwriting expertise that will help us meet our goal of becoming the go-to-market solution for new, emerging, and unusual risks. With Mark's help, our Specialty and Alternative Risk Teams will continue to meet Fortegra's expansion goals by capitalizing on the market's rising demand for tailored insurance solutions."

Prior to joining Fortegra as Vice President of Specialty Underwriting, Mark Davies held senior management roles at Barents Re and Novae plc. He brings over 25 years of underwriting and reinsurance experience to Fortegra's growing specialty team.

About Fortegra

The Fortegra Group, LLC is 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 fueled 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/

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005155/en/

Holly Bohn

hbohn@fortegra.com

Source: The Fortegra Group, LLC

FAQ

What recent leadership change occurred at Tiptree Inc. related to Fortegra?

Mark Davies was promoted to Senior Vice President of Fortegra's Alternative Risk Team.

How has Mark Davies contributed to Fortegra prior to his promotion?

He has been instrumental in growing Fortegra's specialty book of business since joining in 2017.

What is Fortegra's Financial Strength Rating?

Fortegra holds an A.M. Best Financial Strength Rating of A- (Excellent).

Where is Fortegra Group's office located where Mark Davies will operate?

Mark Davies will continue to operate from Fortegra's London office.

What are the main goals of Fortegra's Alternative Risk Team?

The team aims to meet increasing demand for tailored insurance solutions.