The investment offers the Brit Group exposure to a fast-growing MGU in the United States and forms part of Brit’s selective international expansion into niche specialty businesses with a strong track record in distribution and underwriting capabilities.
Ambridge retains its independence, underwriting as a managing general underwriter on behalf of its existing broad consortium of Lloyd’s syndicates and international insurers.
Founded in 2000, by Jesseman Pryor (CEO) and Jeffrey Cowhey (President), Ambridge specialises in Transactional Insurance products with a team of 29 employees based in New York and London.