In a strategic move, Crum & Forster, a part of Fairfax Financial Holdings Limited, has sold its C&F Credit Division to the Amynta Group.
C&F Credit Division Highlights
This division excels in underwriting and managing various credit insurance products, which include innovative mortgage credit solutions and alternative risk offerings.
Its main clientele consists of financial institutions and mortgage insurers, who benefit from streamlined access to a credit insurance marketplace tailored specifically for both insurance and reinsurance partners.
Strengthening Amynta’s Position
The acquisition significantly strengthens Amynta’s presence in the credit insurance sector.
Following the takeover, the C&F Credit Division will operate as a managing general underwriter (MGU) under the Amynta Risk Solutions umbrella, guided by the experienced leadership of Daniel L. Sussman.
Meanwhile, Crum & Forster will continue to collaborate, playing a supportive role in the ongoing operations.
Amynta Group Overview
Based in New York, Amynta is well-known in the insurance services field, managing over $3.5 billion in premiums across North America, Europe, and Australia.
The company offers a wide array of insurance and warranty solutions to various market players, including carriers, wholesalers, retail agencies, auto dealerships, original equipment manufacturers, and consumer retailers.
Amynta’s operations are categorized into three primary segments: managing general agencies, warranty services that cover automotive, consumer, and specialized equipment, and specialty risk services.
Source: Insurancejournal
