Amynta Group Acquires International Sureties

Amynta Group Acquires Sutton Special Risk Inc.

December 6, 2023

Financial Services

Amynta Group has entered into a definitive agreement to acquire Sutton Special Risk Inc., a Toronto-based managing general underwriter (MGU) specializing in accident & health and specialty insurance products. The acquisition expands Amynta’s accident and health capabilities and accelerates its growth plans in the Canadian market; Greg Sutton will continue to lead Sutton following the transaction.

Madison Dearborn Partners Increases Equity Stake in Amynta Group

March 10, 2022

Insurance

Funds affiliated with Madison Dearborn Partners (MDP) acquired all equity interests in Amynta Group previously held by AmTrust Financial Services, increasing MDP’s majority ownership while Amynta’s management retains a minority stake. The transaction strengthens MDP’s partnership with Amynta to support continued growth of the underwriting services and warranty business; existing commercial arrangements between Amynta and AmTrust will remain in place.

Amynta Group Acquires Credit Insurance Business of Crum & Forster

December 24, 2024

Insurance

Amynta Group has acquired the Credit Division of Crum & Forster (a Fairfax Financial subsidiary). The acquired business will operate as a full-service Managing General Underwriter under Amynta Risk Solutions, led by Daniel L. Sussman, and C&F will remain a distribution/partner for the business.

Core Specialty Completes Acquisition of American Surety Company and Underwriters Surety

June 3, 2024

Insurance

Core Specialty Insurance Holdings, Inc. has completed the acquisition of American Surety Company and Underwriters Surety, creating a new Surety Division and adding bail bonds and commercial surety bond product lines. The deal was completed with a mix of cash and stock, preserves the American Surety brand and management team, and brings approximately $93 million in 2023 GAAP gross premiums written to Core Specialty.

AIT Worldwide Logistics Acquires Global Transport Solutions Group

February 1, 2024

Logistics & Distribution

AIT Worldwide Logistics has acquired Global Transport Solutions Group (GTS), a Netherlands-headquartered specialist in time-critical marine spare parts logistics. The deal brings GTS’ more than 600 teammates across 16 locations and nine consolidation hubs into AIT’s global network, adding marine spare-parts capabilities, warehouse capacity and new geographic presence in Greece, Japan and the Nordics; terms were not disclosed.

AmTrust Financial Services Acquires Contractor Managing General Insurance Agency (CMGIA)

November 4, 2022

Insurance

AmTrust Financial Services has acquired Contractor Managing General Insurance Agency, Inc. (CMGIA), a California-based managing general agent that provides surety bonds to small- and mid-size contractors nationwide. The acquisition establishes an immediate presence for AmTrust in the contractor surety market and brings CMGIA's underwriting talent and agent network into AmTrust's surety business.