M&A Deal Summary

The Amynta Group Acquires Ambridge

On January 9, 2023, The Amynta Group acquired insurance company Ambridge from Brit Insurance for 400M USD

Acquisition Highlights
  • This is The Amynta Group’s 6th transaction in the Insurance sector.
  • This is The Amynta Group’s largest (disclosed) transaction.
  • This is The Amynta Group’s 9th transaction in the United States.
  • This is The Amynta Group’s 1st transaction in New York.

M&A Deal Summary
Date 2023-01-09
Target Ambridge
Sector Insurance
Buyer(s) The Amynta Group
Sellers(s) Brit Insurance
Deal Type Divestiture
Deal Value 400M USD

Target

Ambridge

New York, New York, United States
Ambridge is a global Managing General Underwriter (MGU), offering a broad range of transactional, specialty casualty, cyber, professional liability and reinsurance coverages. Ambridge is based in New York City.

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Buyer(S) 1

Buyer

The Amynta Group

New York, New York, United States
Category Company
Founded 2018
Sector Insurance
DESCRIPTION

The Amynta Group distributes commercial insurance products through managing general agents, offers niche insurance services through specialty risk managers, and provides extended warranties and other financial protection plans for automotive and consumer products.

DEAL STATS #
Overall 9 of 11
Sector (Insurance) 6 of 8
Type (Divestiture) 4 of 5
State (New York) 1 of 1
Country (United States) 9 of 10
Year (2023) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 iFIT

Logan, Utah, United States

iFIT is a global health and fitness technology company that provides unmatched fitness experiences and solutions to its growing community of millions of engaged members across 120 countries. iFIT’s industry-leading brands NordicTrack, ProForm, and Freemotion are powered by the iFIT integrated health and fitness platform, which seamlessly connects the company’s proprietary software, experiential content, and interactive hardware. iFIT offers immersive, adaptive, personalized subscription workout experiences for every fitness level and interest. iFIT delivers these patented interactive experiences through an extensive offering of live and on-demand content across a full range of fitness modalities. iFIT was founded in 1977 and is based in Logan, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-06 Sutton Special Risk

Toronto, Ontario, Canada

Sutton Special Risk is a managing general underwriter (MGU) of specialty insurance products. Sutton Special Risk was formed in 1978 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Brit Insurance

London, United Kingdom
Category Company
Sector Insurance
Employees350
Revenue 1.5B EUR (2012)
DESCRIPTION

Brit Insurance's operations are primarily in London, although the group is headquartered in Amsterdam, Netherlands. The company writes a diverse portfolio of over 70 classes of insurance and reinsurance, which include accident and health, aerospace, marine, professional risks, liability, property and packages, war and terrorism, and small business insurance policies. The scope is wide-ranging from sole traders to the larger multinational corporations; from manufacturers to professional services; and from shops to satellites.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Divestiture) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Scion Underwriting Services

Dallas, Texas, United States

Scion Underwriting Services operates as an MGA providing specialty casualty insurance solutions to the excess and surplus lines market. Scion Underwriting Services is based in Dallas, Texas.

Sell -
Mergr

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