Business
Amynta Group Completes the Acquisition of Ambridge Group from Brit, a subsidiary of Fairfax
Amynta Group Completes the Acquisition of Ambridge Group from Brit, a subsidiary of Fairfax ...
About this update from Fairfax Financial Holdings Limited
[{"type":"text","content":"\n \n \n \n Amynta Group Completes the Acquisition of Ambridge Group from Brit, a subsidiary of Fairfax\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n NEW YORK\n \n and\n \n TORONTO\n \n and\n \n LONDON\n \n \n ,\n \n \n May 11, 2023\n \n \n /CNW/ -- Amynta Group, Brit Ltd (\"Brit\"), a subsidiary of Fairfax Financial Holdings Limited (\"Fairfax\") (TSX: FFH and FFH.U), and Fairfax announce the successful completion of the previously announced acquisition of Ambridge Group from Brit for a purchase price of\n \n $400 million\n \n .\n \n \n \n \n \n \n \n \n \n \n About Amynta\n \n \n \n Amynta Group\n \n is a premier insurance services company with more than\n \n $3.5 billion\n \n in total managed premium and 2,000 associates across\n \n North America\n \n ,\n \n Europe\n \n , and\n \n Australia\n \n . An independent, customer-centered and underwriting-focused company, Amynta serves leading carriers, wholesalers, retail agencies, auto dealers, OEMs, and consumer product retailers with innovative insurance and warranty protection solutions. Amynta operates through three segments: Managing General Agencies; Warranty, including automotive, consumer and specialty equipment; and Specialty Risk Services. For more information, please visit\n \n amyntagroup.com\n \n .\n \n \n \n About Brit\n \n \n \n Brit\n \n is a market-leading global specialty insurer and reinsurer focused on underwriting complex risks. It has a major presence in Lloyd's of\n \n London\n \n , the world's 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. Brit is a subsidiary of Fairfax. For more information, please visit\n \n britinsurance.com\n \n .\n \n \n \n About Fairfax\n \n \n Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment managem...