Holly Bohn - Senior Vice President of Marketing and Communications

Holly Bohn has joined Fortegra as an SVP of Marketing and Communications. Holly has over 20 years of Marketing, Brand Development, and Strategic Planning experience, both as a successful Entrepreneur of a multi-million-dollar retail brand and later as a Division Vice President in consumer products. Holly is an advocate for female entrepreneurs and holds a Bachelor of Science in Business Administration, with a focus in Finance from California State University.

Recent Posts

Fortegra Confirms AM Best Assigns Credit Rating to Fortegra Specialty Insurance

By Holly Bohn - Senior Vice President of Marketing and Communications Nov 11, 2020 10:30:12 AM

Fortegra’s Excess and Surplus Subsidiary assigned the Financial Strength Rating of A-

JACKSONVILLE, Fla.-- Fortegra Financial Corporation (“Fortegra”), a leading specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”), announced today AM Best assigned the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” to Fortegra Specialty Insurance Company (FSIC) (Arizona), the newly established excess and surplus lines (E&S) subsidiary of Fortegra. The outlook assigned to these Credit Ratings (ratings) is stable. The company will begin underwriting excess and surplus lines programs concurrent with this announcement.

“We are committed to the agent distribution model and accelerating our ability to respond to opportunities presented to us by our agents. Adding an E&S company to our portfolio furthers that goal,” said Richard Kahlbaugh, Fortegra’s Chief Executive Officer. “Through FSIC, Fortegra will continue to marry speed to market, thorough underwriting and a strong balance sheet to deliver new and innovative insurance programs through an agent-focused distribution model.”

AM Best Assigns Credit Ratings to Fortegra Specialty Insurance Company

OLDWICK, N.J.—November 5, 2020-- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Fortegra Specialty Insurance Company (Fortegra Specialty) (Scottsdale, Arizona). Fortegra Specialty is ultimately owned by Tiptree Inc. [(NASDAQ: TIPT], the parent company of Fortegra Financial Corporation. The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect Fortegra Specialty’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile, and appropriate enterprise risk management. Fortegra Specialty is being added as a member of the Fortegra P&C Group due to its strategic role in the consolidated organization, shared operations and management, and a pooling agreement with its affiliated companies.

Fortegra Specialty is a newly established, Arizona-domiciled insurance company that will offer surplus lines products not offered through its affiliated companies. The company was capitalized initially with a $55 million contribution from the parent company. AM Best notes that initial projections forecast high growth trends in the early years, benefiting from existing managing general agency relations with its affiliated companies. AM Best will continue to monitor the ability of the company to execute on its business strategy and maintain appropriate levels of capitalization.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

About Fortegra Financial Corporation

Fortegra Financial Corporation (a Tiptree Inc. company (NASDAQ: TIPT), is a leading provider of specialty insurance and warranty solutions, and is the second-largest credit insurer in the United States. Fortegra and its subsidiaries provide a comprehensive and diverse set of best-in-class insurance products and warranty solutions available across the United States and around the world. Fortegra leverages a team of experienced underwriters and proprietary artificial intelligence technology to enhance the underwriting process to deliver a broad array of solutions that provide superior coverage and value to its customers.

Since 1978, the Company’s collaborative approach and innovative products have fueled rapid growth and increasing demand from both domestic and international partners. Fortegra holds AM Best Financial Strength Rating of A- (Excellent) Financial Category VIII. For more information on Fortegra visit: https://www.fortegra.com/

Media Contact
Meredith Zaritheny, Prosek Partners
mzaritheny@prosek.com
O: 646.818.9251

Categories: News

Fortegra Financial Corporation Announces Launch of E&S Insurance Subsidiary

By Holly Bohn - Senior Vice President of Marketing and Communications Oct 1, 2020 11:09:53 AM

JACKSONVILLE, Fla.--()--Fortegra Financial Corporation (“Fortegra”), a leading specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”), announced today the formation of a new excess and surplus lines subsidiary, Fortegra Specialty Insurance Company.

Categories: News

Fortegra Financial Corporation Announces $200 Million Senior Secured Credit Facility

By Holly Bohn - Senior Vice President of Marketing and Communications Aug 25, 2020 11:52:47 AM

JACKSONVILLE, Fla. -- August 11, 2020 -- Fortegra Financial Corporation (“Fortegra”), a leading specialty insurer and subsidiary of Tiptree Inc. (“Tiptree”), announced today that it closed on a $200 million Senior Secured Credit Facility from a syndicate of banks led by Fifth Third Bank, N.A.. The entire amount is immediately available for letters of credit, with any remaining portion of the facility available for working capital.

Categories: News

Fortegra Weekly

Experience More protection news and views. Subscribe to the Fortegra Weekly today!

Recent Posts

Our Blog

Fortegra Weekly

Fortegra Weekly covers the insurance and warranty solutions world so you don’t have to. Check us out each week to hear about tips and trends that can help protect you from everyday mishaps all year round.