Amynta Group acquires MGA ClearView Risk Holdings

The Amynta Group, which comprises a number of warranty, managing general agent (MGA) and specialty risk companies, has acquired ClearView Risk Holdings, a MGA and wholesale brokerage, that controls over $200 million of premium.

ClearView was formed in December 2010 upon a majority investment in Southwest Risk by GCP Capital Partners. Amynta was created in 2018 out of Madison Dearborn Partners’ acquisition of a number of AmTrust Financial Services US fee businesses.

ClearView is the parent holding company for Strata Underwriting Managers, a habitational program designed for the underwriting and management of multi-dwelling properties, and Southwest Risk, a full-service specialty transactional wholesale brokerage platform. ClearView writes business in 37 states across the US led by CEO Parker Rush, who will continue driving expansion of the business as part of Amynta.

Amynta CEO Stuart Hollander said: "We are excited to welcome the industry-leading ClearView team to our Amynta family as we work together to leverage their specialty platform for combined accelerated growth. This acquisition is a major step forward in our strategy to expand Amynta’s MGA segment, enter the habitational risk and property underwriting space as well as to diversify our services from premier carriers.

“With its sophisticated technology and range of relevant products and industries including habitational, construction, energy, manufacturing, property and casualty, ClearView is well-positioned in the market and perfectly aligned with our growth strategy as we seek to scale our platform and deliver additional market leading products and services to our clients and customers.”

Parker Rush, CEO of ClearView, added: “This is an important milestone in ClearView’s history and will help take our business to the next level as we compete in our current markets and strive to elevate our role as a leading national specialty platform. Joining Amyntapresents an opportunity to further differentiate ClearView, driven by the rapid geographic scalability of our Strata program and Southwest Risk’s ability to capitalize on the significant growth opportunities we see in a large and growing excess and surplus lines marketplace. I look forward to working with Stuart and the Amynta team to build on our collective momentum.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Allstate, State Farm, USAA sue PG&E over California wildfire

Howden/Hyperion acquires employee benefits firm Punter Southall Health

Munich Re recruits JP Morgan MD to oversee asset management

Insurers told to act on cyber insurance policy confusion 

Compre promotes former QBE exec to CFO

Don't miss our insurtech email newsletter - sign up today