Fortegra Insurance UK, a subsidiary of the Fortegra Group, has been added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers, as formalised in the NAIC’s October Edition 249.
The listing provides Fortegra’s agents and brokers in the United Kingdom with a platform to serve clients who require UK-domiciled capacity for risks that need a US.surplus lines solution. This registration is intended to facilitate access for UK managing general agents (MGAs) to US surplus lines business.
The company’s ability to serve the UK market has grown since it was granted a licence by the Prudential Regulation Authority in November 2024, allowing Fortegra Insurance UK Limited to offer direct underwriting capacity within Britain. Fortegra operates under both PRA and FCA regulation.
Richard Kahlbaugh (pictured above), CEO of the Fortegra Group, said, “Our alien insurer listing offers UK Managing General Agents (MGAs) a straightforward way to access US surplus lines business. Additionally, our strong presence in the London market fosters natural connections among brokers and agents, as well as the capacity to address complex risks.”
Fortegra also expanded its presence in the London market by securing a box in the Lloyd’s underwriting room earlier this month.
In addition to these developments, Fortegra’s UK operations are supported by several affiliates, including Premia Solutions Limited, a major automotive protection intermediary, and ITC Compliance Limited, the UK’s largest secondary intermediary FCA network. These entities strengthen Fortegra’s distribution and compliance capabilities in the UK.
Meanwhile, in September, reports indicated that DB Insurance, a leading South Korean non-life insurer, was in advanced discussions to acquire Fortegra in a deal valued at approximately £1.18 billion. If completed, the acquisition would represent a significant expansion for DB Insurance into the UK, US, and European specialty markets, and could bring additional capital and resources to Fortegra’s UK operations.
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