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Specialty re/insurer Brit, a subsidiary of Fairfax Financial Holdings, has agreed to sell its “fast-growing” MGU operations to Amynta Group, which comprises a number of warranty, managing general agent (MGA) and specialty risk companies, for $400 million. The deal will enable Brit to focus its strategic priorities on its core underwriting and digital capabilities.
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Brit, Fairfax, Amynta Group, Ambridge Group, M&A, Acquisition, MGU, US, UK, Germany
