Amynta buys Crum & Forster’s credit division
December 26, 2024
- Central Florida homeowners join rising trend, opting out of property insurance
- Jim Beam column:State auto insurance sky high – American Press
- What’s on the state Legislature’s insurance agenda for 2025?
- Did health insurance leaders pressure DOJ over Luigi Mangione case? New report reveals details
- Health Insurers Limit Coverage of Prosthetic Limbs, Questioning Their Medical Necessity
Bạn đang xem: Amynta buys Crum & Forster’s credit division
US-based insurance services provider Amynta Group has acquired the credit division of Crum & Forster (C&F), a subsidiary of Fairfax Financial Holdings.
This move bolsters Amynta’s reach in the credit insurance space, bringing a suite of structured credit insurance solutions under its umbrella.
The credit division will now function as a full-service Managing General Underwriter (MGU) within Amynta Risk Solutions.
It will focus on underwriting and managing credit insurance products, including mortgage credit and alternative credit risk solutions, mainly catering to financial institutions and mortgage insurers.
The division offers access to the credit insurance market for various insurance and reinsurance partners.
Despite the acquisition, C&F will continue as a partner for the acquired business, with Daniel Sussman continuing at the helm.
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
sample
Thank you!
Your download email will arrive shortly
We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form
Xem thêm : California REALTORS® support plans to stabilize availability of homeowners insurance
By GlobalData
C&F, a national insurer established in 1822, specialises in property, casualty, and accident & health insurance.
With $5.3bn in gross written premium last year, the company operates through a network of independent agents, brokers, and wholesalers.
C&F chairman and CEO Marc Adee said: “Dan and his team have built a strong and profitable business. Amynta is the perfect owner to take the business forward and allow them to realise the full growth ambitions of the business.”
With over $3.5bn in total managed premium across North America, Europe, and Australia, Amynta Group provides insurance and warranty protection solutions to carriers, wholesalers, retail agencies, auto dealers, OEMs, and consumer retailers.
Amynta Risk Solutions CEO John Doucette said: “The acquisition of the C&F credit division provides entry to a new specialty class of business with a team that has built a strong underwriting track record, building on our partnership with C&F.
“We are excited to welcome Dan and his team to Amynta, as we look to expand the business to new markets and build capacity to support attractive growth opportunities.”
Earlier this year, Amynta Group strengthened its portfolio through the acquisition of the medical stop loss business from Unum Group, as well as purchased Sutton Special Risk, a Canadian underwriter focused on niche insurance and reinsurance products.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nguồn: https://propertytax.pics
Danh mục: News