DB Insurance has successfully closed its approximately US$1.65 billion (approximately KRW 2.3 trillion) acquisition of a 100% stake in The Fortegra Group, Inc., a US specialty insurer from Tiptree Inc. and Warburg Pincus.
Latham & Watkins LLP represented DB Insurance in the transaction with a corporate deal team led by New York partners Gary Boss, Kirsten Gaeta, and Andrew Elken and Boston counsel Andrew Moosmann, with associates Teresa Ella Wendel and Maddy Berg. Advice was provided on insurance regulatory matters by London partner Tim Scott and New York counsel Alexander Traum; on tax matters by New York partner Eric Kamerman; and on benefits matters by New York partner Megan Alessi.
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