The Credit Division of Morristown-based Crum & Forster, a subsidiary of Fairfax Financial Holdings Limited has been acquired by Amynta Group, a leading insurance services provider. The acquisition of the C&F Credit Division, offering a suite of structured credit insurance solutions, expands Amynta’s presence in the credit insurance sector. The business will operate as a full-service Managing General Underwriter under Amynta Risk Solutions.
The acquired business underwrites and manages credit insurance products, including mortgage credit and alternative credit risk solutions, primarily for financial institutions and mortgage insurers. The business provides turn-key access to the credit insurance market to a variety of insurance and reinsurance partners.
C&F will remain an important partner for the business. The business will continue under the leadership of Daniel Sussman.
“Dan and his team have built a strong and profitable business. Amynta is the perfect owner to take the business forward and allow them to realize the full growth ambitions of the business. We have a strong and growing relationship with Amynta and look forward to our partnership with this business,” Marc Adee, chairman and chief executive officer of Crum & Forster commented.
