’The foundation of our past success and underwriting discipline will serve us well as we enter the marketplace in the UK,’ says chief executive
US-based specialty insurer Fortegra Group has received the green light to launch a new subsidiary in the UK.
Called Fortegra Insurance Company UK, the division received approval from the Prudential Regulation Authority (PRA) on 29 November 2024.
The launch forms part of Fortegra’s plans to expand its specialty insurance underwriting services throughout the UK.
Richard Kahlbaugh, Fortegra’s chief executive, said: “We’re pleased to announce the establishment of Fortegra Insurance Company UK.
“Our objective is simple. We focus our efforts on establishing Fortegra as a quality market serving MGAs and agents seeking to underwrite niche programmes.”
UK commitment
This comes after the firm secured approval to operate in Belgium earlier this year.
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The insurer felt its latest move “reaffirms our commitment to the UK and London markets”.
Kahlbaugh added: “The foundation of our past success and underwriting discipline will serve Fortegra well as we enter the marketplace in the UK.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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