Amynta Group acquires Crum & Forster’s credit insurance business
December 27, 2024
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Insurance services provider, Amynta Group has acquired the Credit Division of Crum & Forster (C&F), a subsidiary of Fairfax Financial Holdings Limited.
Bạn đang xem: Amynta Group acquires Crum & Forster’s credit insurance business
According to the announcement, the business will operate as a full-service Managing General Underwriter (MGU) under Amynta Risk Solutions.
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From what we understand, Amynta’s acquisition of the C&F Credit Division, which offers a suite of structured credit insurance solutions, expands the firm’s presence across the credit insurance sector.
It’s worth highlighting that the acquired business underwrites and manages credit insurance products, which includes mortgage credit and alternative credit risk solutions, primarily for financial institutions and mortgage insurers.
As well as this, the business also provides turn-key access to the credit insurance market to a variety of insurance and reinsurance partners.
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It has also been confirmed that the Credit Division of C&F will continue to be spearheaded by Daniel L. Sussman.
John Doucette, CEO of Amynta Risk Solutions, commented: “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.”
Marc Adee, Chairman and Chief Executive Officer of Crum & Forster, 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 realize the full growth ambitions of the business. We have a strong and growing relationship with Amynta and look forward to our partnership with this business “
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