DB Insurance Acquires U.S. Specialty Insurer Fortegra for $1.6 Billion

South Korea’s DB Insurance has agreed to acquire Fortegra, a U.S. specialty and warranty insurance group, in a $1.6 billion transaction. This deal marks DB Insurance's largest acquisition in the American market and its most significant overseas purchase to date, reflecting its strategic efforts to diversify beyond the slowing growth in the South Korean non-life insurance market. DB Insurance, initially established as Korea’s first public auto insurer and now part of DB Group, has broadened its global footprint through several acquisitions, including stakes in Vietnamese insurance firms, before targeting larger established players in mature markets like the U.S.