Fairfax-backed Amynta Group completed the acquisition of Ambridge Group from Brit for $400m.

Fairfax-backed Amynta Group, a managing general underwriter, completed the acquisition of Ambridge Group, an insurance solutions provider, from Brit, an insurance company, for $400m. “We are very excited to welcome Jess, Jeff and the Ambridge team to Amynta. Ambridge is a high-quality company with an outstanding management team and a successful long term track record built around innovation, service and underwriting excellence. Ambridge significantly expands our MGA business, now writing over $2bn in premiums, and significantly increases our business in the E&S market. Ambridge will operate on a decentralized basis and we look forward to supporting Jess, Jeff and the Ambridge team in growing their business over the long term," Robert Giammarco, Amynta Chairman and CEO.