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Ambac Acquires Specialty Insurance Mgu All Trans Risk Solutions, Llc And Wholesale Broker Capacity Marine Corporation

Nov 08, 2022•almost 3 years ago

Acquiring Company

Ambac Financial Group

Acquired Company

Specialty Insurance MGU All Trans Risk Solutions

New YorkFinanceFinancial Services

Description

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 Information

Company

Ambac Financial Group

Location

New York, New York, United States

About

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.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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