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 premier 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-centred and underwriting-focused company, the company serves as leading carriers, wholesalers, retail agencies, auto dealers, OEMs, and consumer product retailers with innovative insurance and warranty protection solutions.
Amynta primarily operates through three segments: Managing 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 in Lloyd’s of London, a specialist insurance market provider, with significant US and international reach.
Brit underwrites a broad class of commercial specialty insurance with a strong focus on property, casualty and energy business. Its capabilities are underpinned by robust financials.
Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
