Amynta Group Completes the Acquisition of Ambridge Group from Brit, a subsidiary of Fairfax

NEW YORK and TORONTO and LONDON, May 11, 2023 /CNW/ -- Amynta Group, Brit Ltd ("Brit"), a subsidiary of Fairfax Financial Holdings Limited ("Fairfax") (TSX: FFH and FFH.U), and Fairfax announce the successful completion of the previously announced acquisition of Ambridge Group from Brit for a purchase price of $400 million.

About Amynta
Amynta Group is a premier insurance services company with more than $3.5 billion in total managed premium and 2,000 associates across North America, Europe, and Australia. An independent, customer-centered and underwriting-focused company, Amynta serves leading carriers, wholesalers, retail agencies, auto dealers, OEMs, and consumer product retailers with innovative insurance and warranty protection solutions. Amynta operates through three segments: Managing General Agencies; Warranty, including automotive, consumer and specialty equipment; and Specialty Risk Services. For more information, please visit amyntagroup.com.

About Brit
Brit is a market-leading global specialty insurer and reinsurer focused on underwriting complex risks. It has a major presence in Lloyd's of London, the world's specialist insurance market provider, with significant US and international reach. Brit underwrites a broad class of commercial specialty insurance with a strong focus on property, casualty and energy business. Its capabilities are underpinned by robust financials. Brit is a subsidiary of Fairfax. For more information, please visit britinsurance.com.

About Fairfax
Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

Amynta Media Contact:
Brenna Tetley
Phone: [phone]
Email: [email protected]

Amynta Mergers & Acquisitions Contact:
Chris Ezbiansky
Phone: [phone]
Email: [email protected]

Brit Media Contact:
Phone: [phone]
Email: [email protected]

Fairfax Media Contact:
John Varnell, Vice President, Corporate Development
Phone: [phone]

SOURCE The Amynta Group