Fortegra Europe Insurance Co., a leading international specialty insurer and subsidiary of Tiptree Inc., announced the registration of a branch office in Prague, Czech Republic.
Aiming to further strengthen Fortegra’s European presence, the Czech branch has all the regulatory approvals in place and can immediately write business in the Czech Republic.
Fortegra chose Prague for its strategic location within the heart of Europe and its proximity to Fortegra’s Central and Eastern European administrator, DEFEND INSURANCE GROUP, headquartered in Prague.
The branch will be led by Andrew Quirke, whose experience in the automotive insurance industry spans 25 years and five countries. Quirke co-founded DEFEND, which was acquired in 2019 by Fortegra. Apart from his industry expertise, he has extensive knowledge of the local market, which will help the company further expand its footprint in the region.
“I’m delighted by the many opportunities the Prague branch brings for the Czech insurance market. Brokers and agents will now have a direct relationship with an insurer that has a local presence in the country,” said Quirke, the branch’s general representative.
Sanjay Vara, executive vice president and chief underwriter, commented, “This branch opening is another step forward for our European growth strategy. By providing Central and Eastern European partners with direct access to an A- rated insurer, we hope to inspire trust and compliance confidence.”
The launch of the Czech branch underlines the company’s continued confidence in the long-term growth potential of Central and Eastern Europe, said Fortegra.
About Fortegra
Malta-based Fortegra Europe Insurance Co. is a subsidiary of The Fortegra Group, a global specialty insurer, headquartered in Jacksonville, Fla. Fortegra and its subsidiaries underwrite and administer a comprehensive set of admitted and surplus insurance products and warranty solutions across the United States and around the world.
Source: The Fortegra Group
Topics Europe
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