Amynta Group to Bolster Offerings with C&F Credit Division Acquisition

The Amynta Group, an international insurance services provider based in New York, is making a strategic acquisition of the credit division of Crum & Forster, a subsidiary of Fairfax Holdings. This acquisition is poised to enhance Amynta's mortgage credit risk offerings by bringing in structured credit insurance solutions and expanding its client base, which includes financial institutions and mortgage insurers. This move is part of their strategy to grow within the niche insurance space. The acquired division will function under the Amynta Risk Solutions brand, led by Daniel Sussman, the former president of the division at C&F. The partnership is expected to further Amynta's ambitions and strengthen its position within the market, particularly serving U.S. and select international housing markets. The financial terms of the deal were not disclosed, but it marks a significant move in an industry that has seen a subdued year for mergers and acquisitions.