JACKSONVILLE, Fla.--(BUSINESS WIRE)--Fortegra, a Tiptree Banking Inc. company (NASDAQ:TIPT), today is appreciative to advertise the advancement of its A.M. Best Banking Backbone Appraisement (FSR) to A- (Excellent). The company’s Issuer Acclaim Appraisement (ICR) additionally accustomed an advancement from A.M. Best to a- for Fortegra’s rated operating subsidiaries.
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“A.M. Best is the world’s foremost ascendancy on allowance ratings, and we are actual admiring to be advised in such aerial continuing by this celebrated organization,” said Fortegra CEO Richard Kahlbaugh. “We’ve formed agilely with our banking ally at Tiptree Banking to advance our banking leverage, and our efforts accept been adored with this upgrade.”
Fortegra’s acreage and blow operating subsidiaries accommodate Lyndon Southern Allowance Aggregation (Lyndon Southern), Allowance Aggregation of the South (ICOTS), and Response Indemnity of California (RIC). These subsidiaries accomplish as allotment of an intercompany pooling acceding collectively referred to as “Fortegra P&C Group”. The company’s activity and bloom operating subsidiaries accommodate Activity of the South Allowance Company, Bankers Activity of Louisiana, and Southern Banking Activity Allowance Company, collectively accepted as “Life of the South Group”.
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In accession to the upgraded ratings, A.M. Best additionally assigned an FSR of A- (Excellent) and an ICR of a- to Response Indemnity of California. All ratings outlooks are stable.
“We’re captivated that A.M. Best has upgraded Fortegra’s banking backbone appraisement as able-bodied as the issuer acclaim ratings of our allowance underwriting companies,” said Fortegra Executive Vice President and CFO Michael Grasher. “These upgrades accommodate Fortegra with opportunities to aggrandize underwriting markets, access accident selection, and to abide assisting growth.”
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For added on Fortegra’s ratings upgrades, see A.M. Best’s official advertisement here. To apprentice added about Fortegra articles and services, appointment fortegra.com.
About Fortegra
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Fortegra Banking Corporation (a Tiptree Banking Inc. company) and its subsidiaries comprise a single-source allowance casework provider that offers a ambit of customer aegis options including assurance solutions, acclaim insurance, and specialty underwriting programs. Delivering able advantage with an incomparable account acquaintance for both ally and their customers, Fortegra solves immediate, accustomed needs, allotment consumers to anguish beneath and Acquaintance More.
Lyndon Southern Insurance Company
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