Tiptree files IPO for its Fortegra Group unit

Tiptree Inc. said Wednesday it has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering for its Fortegra Group Inc. specialty insurance group.

Greenwich, Connecticut-based Tiptree announced its IPO plans earlier this month.

The size of the proposed offering and its price range have not yet been determined, the company said.

Tiptree said it expects to maintain majority ownership of Fortegra and believes the IPO will create a platform to serve the business’ future capital needs.

The securities will be listed on the New York Stock Exchange under the symbol “TFG.”