Amynta Group buying New Orleans-based commercial surety broker

Amynta Group announced Monday it has agreed to acquire International Sureties, a commercial surety broker based in New Orleans.

Terms of the transaction were not disclosed.

Founded in 1972, International Sureties provides a range of commercial surety bonds, including admiralty, court, bankruptcy, logistics and license and permit bonds.

Clark Fitz-Hugh, president and CEO, will continue to lead the business.

New York-based Amynta provides specialty insurance and risk management services and warranty coverage.

The deal is expected to close in the fourth quarter.