Amynta Group Expands Specialty Surety Capacity with International Sureties Acquisition
Amynta Group has completed the acquisition of Global Surety LLC, International Sureties Limited, and International Sureties SARL, collectively known as International Sureties, a specialty surety broker. International Sureties provides a range of commercial surety products including admiralty, court, bankruptcy, logistics, and license and permit bonds, serving clients across multiple sectors with tailored bonding solutions. The specialty surety market is evolving due to regulatory changes and increasing project complexities, with brokers specializing in niche bond types becoming important partners in risk mitigation. Market forecasts project steady growth with a compound annual growth rate of 6% to 6.6% through 2031, with rising demand in specialty products driven by regulatory and performance obligations across various jurisdictions. However, underwriting conditions have tightened, leading to greater selectivity for higher-risk exposures and consolidation among smaller brokers, which limits options for niche bonds. Amynta's acquisition expands its capacity in specialty surety, aiming to streamline underwriting and issuance processes and improve client access to complex or cross-jurisdictional bonding solutions, particularly benefiting sectors such as shipping, logistics, energy, and legal proceedings. This deal exemplifies a broader industry trend of consolidating specialty surety brokers into larger platforms, potentially enhancing capacity and intensifying competition for smaller standalone firms. Amynta previously announced the acquisition in September 2023, with regulatory approvals concluded and closing expected in Q4 2025. The company’s chairman and CEO highlighted International Sureties' long-standing market position and specialist focus as valuable additions to Amynta’s specialty insurance portfolio. Financial terms of the deal were not disclosed. Earlier in 2023, Amynta also acquired the Ambridge Group, expanding its presence across the US, UK, and Germany.