Amynta Group, a prominent provider of insurance services, has acquired the Credit Division of Crum & Forster (C&F), a subsidiary of Fairfax Financial Holdings Limited. This strategic move strengthens Amynta’s footprint in the credit insurance market, with the division now operating as a Managing General Underwriter (MGU) under Amynta Risk Solutions.
Overview of the Acquisition
The C&F Credit Division specializes in structured credit insurance solutions, including products like mortgage credit and alternative credit risk insurance. It serves a client base of financial institutions and mortgage insurers while providing seamless access to credit insurance markets for insurance and reinsurance partners.
This division will continue its operations under the leadership of Daniel L. Sussman, ensuring continuity and expertise. Crum & Forster will maintain its role as a key partner to support the division’s growth.
Leadership Insights
John Doucette, CEO of Amynta Risk Solutions, highlighted the importance of the acquisition:
“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. We are excited to welcome Dan and his team to Amynta as we expand into new markets and increase capacity to support growth opportunities.”
Marc Adee, Chairman and CEO of Crum & Forster, added:
“Dan and his team have built a strong and profitable business. Amynta is the ideal owner to advance the division’s growth ambitions. We value our relationship with Amynta and look forward to a continued partnership.”
Strategic Implications
This acquisition reinforces Amynta Group’s dedication to diversifying its service offerings while deepening its presence in specialty insurance markets. By integrating a proven team with strong underwriting capabilities, Amynta is positioned to unlock new opportunities in the credit insurance sector.
About Amynta Group
Amynta Group manages over $3.5 billion in total premiums and operates across North America, Europe, and Australia. The company offers innovative insurance and warranty solutions to a diverse range of clients, including carriers, wholesalers, auto dealers, and retailers.
This latest move underscores Amynta’s focus on growth and innovation within specialty insurance.
