#USA #New Orleans #Amynta Group #International Sureties #Surety Broker

Amynta Group Expands Portfolio with Acquisition of International Sureties

In a significant move within the insurance industry, Amynta Group has announced its acquisition of International Sureties, a prominent commercial surety broker. This strategic acquisition is expected to broaden Amynta's insurance services while enhancing its offerings in the surety market.

Overview of the Acquisition

Amynta Group, recognized as a leading insurance services provider, has entered into a definitive agreement to acquire Global Surety, LLC, along with its affiliates, International Sureties Limited and International Sureties SARL. Based out of New Orleans, Louisiana, International Sureties specializes in a wide range of commercial surety products including, but not limited to, admiralty, court, bankruptcy, logistics, and license permit bonds. The acquisition is pending necessary regulatory approvals and is anticipated to close in the fourth quarter of 2025.

Historical Context

Founded in 1972, International Sureties has built a remarkable reputation over the past 50 years, known for its client-centric approach and tailored surety solutions. The company operates not only within the United States but also has offices in the UK and Belgium, serving diverse industries with innovative surety bond services.

Clark Fitz-Hugh, the current President and CEO of International Sureties, will continue to lead the business post-acquisition. Fitz-Hugh has expressed enthusiasm about the merger, highlighting the synergy between the two companies’ cultures centered around client service and excellence.

Strategic Importance for Amynta Group

Robert Giammarco, Amynta Group's Chairman and CEO, emphasized the significance of this acquisition in expanding the company’s specialty insurance offerings. According to Giammarco, “International Sureties has a long and successful history in the surety market with an outstanding reputation.” This transaction aligns with Amynta’s strategy to enhance its position in specialty insurance while leveraging International Sureties’ expertise and established client relationships to foster continued growth.

The move is designed to not only expand Amynta’s product lineup but also to integrate International Sureties’ unique value propositions into its existing operations. By doing so, Amynta aims to elevate the quality and accessibility of surety products available to its clients across various sectors.

What This Means for the Market

As the surety market continues to evolve, this acquisition may signal a trend of consolidation in the industry, where larger entities seek to diversify their offerings and strengthen their market positions through strategic partnerships and acquisitions. With clients increasingly looking for comprehensive solutions that encompass various risks, Amynta’s additional product offerings from International Sureties will better position the company to meet these demands.

Conclusion

The acquisition of International Sureties by Amynta Group represents a pivotal moment in the insurance services landscape. By combining their strengths, the merged entities not only aim to enhance their service offerings but also to set a new standard in customer satisfaction and innovative insurance solutions. As the transaction proceeds through the regulatory approval phase, all eyes will be on how this strategic alignment will reshape the future of the commercial surety market.

For further insights on this acquisition and its implications in the insurance industry, visit Amynta Group's official website.