Amynta Group, Brit Ltd (Brit), a subsidiary of Fairfax Financial Holdings Limited (Fairfax), and Fairfax have announced the successful completion of the acquisition of Ambridge Group from Brit for a purchase price of $400 million.
Amynta Group is a leading insurance services company with more than $3.5 billion in total managed premiums and 2,000 associates across North America, Europe, and Australia.
An independent, customer-centered and underwriting-focused company, the company serves leading carriers, wholesalers, retail agencies, auto dealers, OEMs, and consumer product retailers with innovative insurance and warranty protection solutions.
Amynta mainly operates through three divisions: Management of General Agencies; Warranty, including automotive, consumer and specialty equipment; and Specialty Risk Services.
Brit is a global specialty insurer and reinsurer focused on underwriting complex risks. The company is a subsidiary of Fairfax. It has a major presence at Lloyd’s of London, a specialist provider in the insurance market, with a significant reach in the US and internationally.
Brit underwrites a wide range of commercial specialty insurance with a strong focus on business, casualty and energy. Its capabilities are backed by strong finances.
Fairfax is a holding company that, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and related investment management.