Amynta Group Acquires a Workers Compensation Book from Houston International Insurance Group
- September 04, 2020
NEW YORK -- Amynta Group, a leading insurance services provider of property & casualty and warranty protection products and services, has acquired a workers compensation book of business from Houston International Insurance Group (HIIG). This acquisition broadens Amynta's workers compensation practice and geographic presence in the southwest.
As part of the transaction, Amynta has partnered with Clear Spring Property and Casualty Company to provide underwriting capacity for the business. The business will be conducted through Southwest Risk Agency Services, Amynta's specialty lines insurance broker and binding authority underwriting facility built to serve the needs of independent agents for medium to small commercial accounts. Sharen Perkins, VP Specialty Workers Compensation Division at HIIG, will lead the transition of the business and join Southwest Risk Agency Services.
"We are excited to expand our relationship with Clear Spring as we grow our workers compensation business. This is an innovative addition to our product portfolio as we expand Southwest Risk Agency Services offerings for our independent agents," said Parker Rush, Managing Director at Amynta Group.
"We are excited to partner with Amynta on this business and look forward to building upon our strategic relationship with Amynta in the future," said Mike Camilleri, CEO of Clear Spring Insurance.