Ambac Financial Group, Inc. (“Ambac”) is an insurance holding company with a strong presence in the specialty property and casualty insurance market. It is listed on the New York Stock Exchange under the ticker symbol AMBC and has a vision of being a premier destination for MGAs (Managing General Agencies), aligning with a team that has proven ability to build and launch profitable de novo MGAs. Ambac's acquisition of 60% controlling stake in Beat Capital Partners Limited significantly accelerates its progress towards its financial targets and strengthens its position in the global insurance market.