US insurance coverage firm Amynta Group has finalised its acquisition of Sutton Particular Threat, a Canadian managing normal underwriter specialising in area of interest insurance coverage and reinsurance merchandise.

Monetary particulars of the deal stay undisclosed.

Established in 1978, Sutton Particular Threat supplies a complete suite of A&H insurance coverage merchandise.

Its choices embrace private accident, incapacity, essential sickness, and specialised coverages catering to the skilled sports activities and leisure sectors.

For the 12 months ended 31 December 2023, Sutton managed premiums amounting to C$67m.

The acquisition follows the definitive settlement signed in December 2023.

As per the phrases of the settlement, Greg Sutton, who has served as Sutton’s president and CEO for greater than a decade, will proceed in that function.

Amynta Group stated the acquisition of Sutton will assist expedite its development plans in Canada and increase its merchandise within the A&H sectors.

Amynta Group chairman and CEO Robert Giammarco earlier stated: “Sutton brings speciality A&H capabilities to Amynta, increasing our underwriting attain with confirmed leaders available in the market.

“We see vital alternatives to construct on Sutton’s robust providing and client-centric strategy to increase their enterprise. We’re excited to welcome Greg and his associates to Amynta.”

Final 12 months, Fairfax Monetary Holdings’ subsidiary Amynta Group, Brit (Brit) acquired insurance coverage companies supplier Ambridge Group for $400m.

The deal contains Ambridge’s US and worldwide divisions in Germany in addition to the UK.

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