KBRA Affirms Ratings for Fortegra Financial Corporation and Its Key Rated Insurance Subsidiaries
1 Jun 2023 | New York
KBRA affirms the A- insurance financial strength ratings (IFSRs) for the key insurance subsidiaries of Fortegra Financial Corporation (Fortegra): Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity Company of California; Life of the South Insurance Company; Southern Financial Life Insurance Company; and Bankers Life of Louisiana. In addition, KBRA affirms the BBB issuer rating and BBB- junior subordinated debt rating of Fortegra. The Outlook for all ratings is Stable. Fortegra is a leading provider of warranty and specialty underwriting products and services. The organization is headquartered in Jacksonville, Florida and is majority owned by Tiptree Inc. (NASDAQ: TIPT).
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