Ambac Acquires Specialty Insurance Mgu All Trans Risk Solutions, Llc And Wholesale Broker Capacity Marine Corporation
Ambac Acquires Specialty Insurance Mgu All Trans Risk Solutions, Llc And Wholesale Broker Capacity Marine Corporation
11/08/22, 1:35 PM
Location
new yorkIndustry
finance
financial services
Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corporation.
Company Info
Location
New York, New York, United States
Company info
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.