The Fortegra Group, Inc., a global specialty insurer and a subsidiary of Tiptree Inc., has announced the appointment of Richard Mangion (pictured) as chief financial officer (CFO) of its UK and European business, effective October 21. Mangion will lead the finance operations and contribute to the strategic direction of the company across the region, working closely with the executive team and reporting to Fortegra’s CFO, Ed Peña.
“Richard’s proven track record and extensive expertise will be critical as we continue to invest in our European growth,” Peña stated. “I am excited to welcome Richard to Fortegra and look forward to harnessing his experience to serve our stakeholders.”
With over 23 years of experience in financial analysis, risk management, and business development, Mangion joins Fortegra from several leadership roles in prominent multinational companies. His previous positions include key roles at Bridgehaven Insurance, HDI Global SE, and W.R. Berkley, where he played a significant part in enhancing financial performance and executing strategic initiatives.
Mangion is a Fellow of the Association of Chartered Certified Accountants and holds an Honors degree from the University of Essex. In a statement, he expressed enthusiasm in joining Fortegra: “I am thrilled to join Fortegra and work alongside such a committed team. I am confident that together we will bolster the company’s already stellar financial performance and accelerate its growth throughout Europe.”
Over the past two years, Fortegra Group has strengthened its leadership team with several key appointments. In May 2023, Abby Taylor joined as chief operating officer, followed by Joe Lettween’s appointment as chief innovation, data science, and technology officer. Peña was named CFO, succeeding Mike Grasher, who transitioned to executive vice president of international business development.
Fortegra has operated for more than 45 years, offering risk management solutions to help individuals and businesses navigate uncertainty. The company, through its subsidiaries, maintains an A.M. Best Financial Strength Rating of A- (Excellent) and an A.M. Best Financial Size Category of ‘X’, providing a wide range of admitted and excess lines insurance products along with warranty solutions.
Fortegra’s European subsidiary, Fortegra Europe Insurance Company Limited (FEIC), was established in 2018 and is authorised to underwrite warranty insurance in several European Union countries, including the UK and the European Economic Area, under the oversight of the Malta Financial Services Authority. In 2024, Fortegra Belgium Insurance Company received permissions to underwrite specialty lines of business across the EU.
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