Specialty insurer Fortegra raises $150 million

▤ Summary

Specialty insurer The Fortegra Group Inc., a subsidiary of Tiptree Inc., said Friday it has raised $150 million.Fortegra said it raised the funds with 9.25% Fixed Rate Resetting Junior Subordinated Notes due in 2064.The notes, to be issued under an indenture, will be junior, subordinated and unsecured obligations of Fortegra, and will be guaranteed on a junior subordinated basis by certain subsidiaries of Fortegra, the insurer said in a statement.

▦ Linked Companies