Amynta Group, a leading insurance services provider, announced that it has agreed to acquire Richmond, Virginia based Southern States Underwriters and SSC Insurance Agency (collectively, Southern States Underwriters), the insurance operations of Southern States Cooperative, Inc. Terms of the transaction were not disclosed. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2026.
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Southern States Underwriters, founded in 1953, is a managing general underwriter providing commercial property and casualty insurance to meet the specialized needs of suppliers, distributors, and service providers for the agricultural industry. Southern States Underwriters serves as the attorney-in-fact and exclusive distribution partner for the Southern States Insurance Exchange, a reciprocal dedicated to serving the agribusiness market. John Madden, President, will continue to lead the business following the transaction.
“Southern States Underwriters is a well-established and respected business, dedicated to serving the agribusiness market for over 70 years,” said Robert Giammarco, Chairman and CEO of Amynta Group. “This new market segment nicely complements Amynta’s diversified platform. We are excited to partner with Southern States Cooperative, who remains an important, long-term customer for the business. We look forward to welcoming John Madden and his associates to Amynta.”
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