Amynta Group to Acquire Ambridge Group from Brit Insurance

Paul, Weiss is advising leading insurance services company Amynta Group in its $400 million acquisition of Ambridge Group, the managing general underwriter (MGU) operations of Brit Insurance, a subsidiary of Fairfax Financial Holdings Limited. Under the terms of the agreement, Amynta will acquire Ambridge’s operations in the U.S. and international units in the United Kingdom and Germany. Amynta and Brit will also enter into a multi-year agreement in which Brit will act as a significant capacity partner to Ambridge.

Ambridge Group is a leading global MGU offering a broad range of transactional, specialty casualty, cyber, professional liability and reinsurance coverages. The transaction is expected to close in the second quarter of 2023, subject to customary closing conditions, including regulatory approvals.

The Paul, Weiss team includes, among others, corporate partners Adam Givertz and Brian Lavin; intellectual property partner Charles Googe; tax partner Scott Sontag; executive compensation partner Rebecca Coccaro; antitrust counsel Marta Kelly; and litigation counsel Steven Herzog.