Amynta Group Completes the Acquisition of Ambridge Group from Brit, a subsidiary of Fairfax
11 Mai 2023 - 1:30PM
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 AmyntaAmynta
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 BritBrit 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 FairfaxFairfax 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
TetleyPhone: +1.646.887.9498Email:
Brenna.Tetley@amyntagroup.com
Amynta Mergers & Acquisitions
Contact:Chris EzbianskyPhone: +1.646.887.9495Email:
Chris.Ezbiansky@amyntagroup.com
Brit Media Contact:Phone: +44
20 3727 1051Email: britinsurance@fticonsulting.com
Fairfax Media Contact:John
Varnell, Vice President, Corporate DevelopmentPhone:
+1.416.367.4941
Fairfax Financial (TSX:FFH.U)
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