DB Insurance Acquires Fortegra for $1.65 Billion

DB Insurance from South Korea has announced its acquisition of US-based Fortegra for $1.65 billion in cash. This strategic move is expected to enhance DB Insurance's portfolio and expand its market presence, reflecting a growing trend of consolidation in the insurance sector. The deal underscores the increasing interconnectedness of global financial markets and positions DB Insurance to better serve its customers in a competitive landscape.