Amynta Group appoints new chief executive officer from Bank of America Merrill Lynch

Amynta Group, a group of warranty, managing general agent (MGA) and specialty risk companies, has appointed Robert Giammarco as the new chairman and chief executive officer (CEO).

Giammarco joins Amynta from Bank of America Merrill Lynch, where he served as managing director, head of Americas Financial Institutions Group.

Giammarco succeeds Stuart Hollander who will become an advisor to the Amynta board of directors.

"We have known Rob for many years and he has been an outstanding banker to the insurance sector, with a great track record of driving value for clients," said Vahe Dombalagian, a managing director at Madison Dearborn Partners and a member of the Amynta board of directors. "We are looking forward to having him bring the same focus, energy and dedication to Amynta as we continue to build an industry leading business.

"Rob's passion, unique expertise and leadership skills position him well to lead Amynta as we maintain our significant momentum through increased platform scale and strong organic growth. We are confident that his impressive network of industry relationships, complemented by his deep M&A experience, will enable Amynta to achieve strong growth moving forward."

Giammarco said: "I am thrilled to join Amynta at this exciting time in its development. Together, we will continue to build a leading franchise that will deliver strong value to our customers, carriers, distribution partners and employees. We will have a relentless customer focus, delivering innovative products and solutions. I look forward to joining all of my colleagues at Amynta as we build on the many growth opportunities ahead of us."

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