Deal spans the US, the UK, and Germany
Insurance coverage Information
By
Terry Gangcuangco
Fairfax Monetary Holdings subsidiary Brit Ltd has accomplished the sale of its managing normal underwriter operations Ambridge Group to Amynta Group.
As beforehand reported, the $400 million deal spans Ambridge within the US, the UK, and Germany.
On the time, Amynta chair and chief government Robert Giammarco mentioned: “Ambridge considerably expands our MGA (managing normal agent) enterprise, now writing over $2 billion in premiums, and considerably will increase our enterprise within the E&S (extra and surplus) market.
“Ambridge will function on a decentralized foundation, and we look ahead to supporting Jess [Pryor], Jeff [Cowhey], and the Ambridge group in rising their enterprise over the long run.”
Pryor is Ambridge’s government chair whereas Cowhey is the corporate’s CEO. Based 22 years in the past, Ambridge locations greater than $600 million of gross written premium.
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