Source: PR Newswire
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 L. Sussman.
“The acquisition of the C&F Credit Division provides entry to a new specialty class of business with a team that has built a strong underwriting track record, building on our partnership with C&F” stated John Doucette, CEO of Amynta Risk Solutions. “We are excited to welcome Dan and his team to Amynta, as we look to expand the business to new markets and build capacity to support attractive growth opportunities.”
Marc Adee, Chairman and Chief Executive Officer of Crum & Forster commented, “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 “
Read the full article: https://www.prnewswire.com/news-releases/amynta-group-acquires-credit-insurance-business-of-crum–forster-302338932.html
