Tiptree has entered into a definitive agreement to acquire Universal Shield Insurance Group, USIG. Tiptree will acquire 100% of USIG for cash consideration of $100 million, adjusted for certain closing costs. Tiptree will contribute additional capital to accelerate growth and capacity. Subject to certain regulatory approvals and other customary closing conditions, the transaction is estimated to close in the first quarter of 2027.

7/29 09:30

Tiptree CEO Says USIG Acquisition Provides Foundation for Specialty Insurance Business

Michael Barnes, Chairman and CEO of Tiptree, said: "USIG provides Tiptree with a new foundation in the specialty insurance sector and a clear path for scalable growth. Chris Timm and his team have built an impressive platform and bring a proven track record rooted in a culture of strong underwriting and disciplined risk management. Together with Tiptree's long-term capital, we see a significant opportunity to build a leading specialty insurance business over time."

4/30 16:20

Q1 Revenue Reports at $8.99M

Reports Q1 revenue $8.99M vs. $12.97M last year. Reports book value per share $13.42 vs. $12.63 last year.

11/24 07:47

Glass Lewis and Egan-Jones Advise Tiptree Shareholders to Oppose DB Merger

Veradace Partners, a significant shareholder of Tiptree, with beneficial ownership of 5.1% of the outstanding common stock announced that Glass Lewis and Egan-Jones, recommended that Tiptree shareholders vote against the company's proposed sale of Fortegra to DB Insurance at the company's special meeting of stockholders scheduled for December 3.

11/24 07:43

ISS Advises Tiptree Financial Shareholders to Support DB Insurance Merger Vote

Tiptree announced that Institutional Shareholder Services has recommended that Tiptree stockholders vote for the approval of the agreement and plan of merger by and among Tiptree, The Fortegra Group and DB Insurance, providing for the acquisition by DB of all of the outstanding stock of Fortegra in an all-cash deal.

Show More Events

This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.