Amynta Group Acquires Southern States Underwriters
The acquisition expands Amynta Group's footprint in the agricultural insurance market.
Updated on Oct. 26, 2026 in Agriculture
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Amynta Group has completed its acquisition of Southern States Underwriters and SSC Insurance Agency. The move grants the company an exclusive distribution channel for agricultural insurance.
Why it matters
The deal allows Amynta Group to enter the agribusiness insurance sector by leveraging an established platform. This integration secures direct access to agricultural suppliers through existing distribution partnerships.
Amynta Group manages more than $4 billion in total managed premium. Southern States Underwriters brings a 70-year operational history to the parent organization.
The players
Amynta Group
A New York-based insurance provider that manages over $4 billion in premiums.
Southern States Underwriters
A Richmond-based firm that provides commercial property and casualty coverage to agricultural suppliers.
John Madden
The president of Southern States Underwriters who will continue to lead the organization.
Madison Dearborn Partners
A private equity firm that holds a majority ownership stake in the Amynta Group.
Southern States Cooperative
A 103-year-old entity that will maintain its existing customer relationship with the insurance operations.
The details
Southern States Underwriters serves as the attorney-in-fact for the Southern States Insurance Exchange, providing commercial property and casualty coverage. Existing customer relationships with Southern States Cooperative will remain intact under the new ownership.
Timeline
Southern States Underwriters began operations in 1953.
The acquisition deal was announced on August 12, 2026.
Brown & Riding launched an agribusiness practice in September 2026.
The acquisition deal closed on October 22, 2026.
Market Landscape
This acquisition follows a pattern set by the recent industry-wide expansion into dedicated agribusiness insurance practices. It positions Amynta Group to compete directly with other firms scaling their agricultural service offerings.
Existing customers of Southern States Underwriters will see their coverage and service relationships remain unchanged following the ownership transition. Policyholders can expect continued access to property and casualty insurance products through current distribution channels.
The takeaway
Consolidation in the agricultural insurance space underscores the growing importance of specialized coverage for rural suppliers. Clients should monitor any future administrative changes that could affect their existing policy management processes.
Further reading
For more on industry shifts, visit the Agriculture section.
Source note: This article includes information reported by Insurance Business.
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