Tiptree to acquire Universal Shield Insurance Group

Tiptree Inc. has entered into a definitive agreement to acquire Universal Shield Insurance Group (“USIG”), a specialty property & casualty insurer operating in both admitted and excess & surplus markets.

Tiptree will pay $100 million to acquire 100% of USIG while adding capital to help it grow.

The deal is expected to close in the first quarter of 2027.

“USIG provides Tiptree with a new foundation in the specialty insurance sector and a clear path for scalable growth. Chris Timm and his team have built an impressive platform and bring a proven track record rooted in a culture of strong underwriting and disciplined risk management. Together with Tiptree’s long-term capital, we see a significant opportunity to build a leading specialty insurance business over time.” – Michael Barnes, Chairman and CEO of Tiptree.

“Joining Tiptree provides us with support and strategic resources to expand our underwriting capabilities and distribution footprint. We are excited to partner with a team that shares our commitment to disciplined growth and underwriting excellence.” – Chris Timm, Chief Executive Officer of USIG.