Canada NewsWire
NEW YORK and TORONTO and LONDON , May 11, 2023 /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 $400 million .
About Amynta
Amynta Group
is a premier insurance services company with more than
$3.5 billion
in total managed premium and 2,000 associates across
North America
,
Europe
, and
Australia
. 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
amyntagroup.com
.
About Brit
Brit
is a market-leading global specialty insurer and reinsurer focused on underwriting complex risks. It has a major presence in Lloyd's of
London
, 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
britinsurance.com
.
About Fairfax
Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
Amynta Media Contact:
Brenna Tetley
Phone: +1.646.887.9498
Email:
Brenna.Tetley@amyntagroup.com
Amynta Mergers & Acquisitions Contact:
Chris Ezbiansky
Phone: +1.646.887.9495
Email:
Chris.Ezbiansky@amyntagroup.com
Brit Media Contact:
Phone: +44 20 3727 1051
Email:
britinsurance@fticonsulting.com
Fairfax Media Contact:
John Varnell
, Vice President, Corporate Development
Phone: +1.416.367.4941
View original content to download multimedia: https://www.prnewswire.com/news-releases/amynta-group-completes-the-acquisition-of-ambridge-group-from-brit-a-subsidiary-of-fairfax-301822086.html
SOURCE The Amynta Group
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/11/c4815.html