Insurer Crum & Forster, a subsidiary of Fairfax Monetary Holdings Restricted, has bought its C&F Credit score Division to Amynta Group.
The C&F Credit score Division underwrites and manages credit score insurance coverage merchandise, together with mortgage credit score and various credit score danger options, primarily for monetary establishments and mortgage insurers. The enterprise gives turnkey entry to the credit score insurance coverage market to insurance coverage and reinsurance companions.
The acquisition expands Amynta’s presence within the credit score insurance coverage sector. The acquired enterprise will function as a full-service managing common underwriter (MGU) beneath Amynta Danger Options and the continued management of Daniel L. Sussman. C&F will stay a companion for the enterprise.
Amynta, which is headquartered in New York, is an insurance coverage companies firm with greater than $3.5 billion in whole managed premium throughout North America, Europe, and Australia. Amynta serves carriers, wholesalers, retail companies, auto sellers, unique gear producers, and client retailers with insurance coverage and guarantee safety merchandise. Amynta operates by means of three segments: managing common companies; guarantee, together with automotive, client and specialty gear; and specialty danger companies.
Based in 1822, New Jersey-based C&F is a nationwide property, casualty, and accident advert well being insurer, offering specialty insurance coverage merchandise by means of its admitted and surplus strains insurance coverage corporations. It conducts enterprise by means of unbiased brokers, brokers and wholesalers. C&F had $5.3 billion in gross written premium in 2023.
Subjects
Mergers & Acquisitions
Was this text useful?
Listed below are extra articles you might get pleasure from.
Eager about Mergers?
Get automated alerts for this subject.
