Fortegra Financial Corp. has formed a wholly owned European subsidiary, Fortegra Europe Insurance Co. Ltd., based in Malta.

Following regulatory authorization by the Malta Financial Services Authority, the newly formed subsidiary will start business immediately.

Initially, Fortegra Europe Insurance will use its access to the European Economic Area to write business aligned with Fortegra's position as a warranty and consumer products provider.

Fortegra Financial is a unit of Tiptree Inc.