Ambac Assurance Corporation Appoints Robert A. Kerzner and Linda Ventresca as Independent Directors
Ambac Assurance Corporation has appointed Robert A. Kerzner and Linda Ventresca as Independent Directors to its Board. These additions are expected to enhance the board's expertise in the insurance industry, covering life, retirement, and property and casualty sectors. The CEO and Chairman highlighted their extensive experience as crucial for supporting Ambac's long-term strategy and value creation efforts.
Liquidity Mapping Around (AMBC) Price Events
This article from Stock Traders Daily discusses liquidity mapping around price events for Ambac Financial Group Inc. (NASDAQ: AMBC). It highlights AI-generated trading strategies for different risk profiles, including position trading, momentum breakout, and risk hedging strategies. The piece also details signal analysis, support and resistance levels, and offers real-time trading signals for subscribers.
Ambac Financial stock jumps after Q3 loss ekes out small beat
Ambac Financial (AMBC) shares rose significantly despite reporting a Q3 loss, which was still a smaller loss than analysts anticipated. The company's revenues also surpassed expectations, contributing to the positive market reaction.
Empirical Finance LLC Acquires New Holdings in Ambac Financial Group, Inc. $AMBC
Empirical Finance LLC has acquired a new position of 72,182 shares in Ambac Financial Group, Inc. valued at approximately $512,000, significantly increasing institutional ownership to 84.49%. This move follows CEO Claude Leblanc's purchase of 25,000 shares, boosting his stake by 2.51%. Analysts have a "Hold" rating on AMBC with an average price target of $15.00, and the company recently beat Q3 earnings and revenue estimates.
Ambac Financial rebrands to Octave Specialty
Ambac Financial Group has rebranded as Octave Specialty Group, transforming into a dedicated specialty insurance platform that will trade on the NYSE under the ticker "OSG" starting November 20, 2025. This rebrand signifies the company's departure from its legacy financial-guarantee business to focus on acquiring and scaling high-performing managing general agencies (MGAs) across the US, UK, and Bermuda. The new structure includes Octave Partners for acquisitions and Octave Ventures for incubation, while Everspan Group and existing MGAs retain their brands, aiming to unify entrepreneurial specialty units and capitalize on the growing US specialty insurance market.
Ambac Financial Group rebrands as Octave Specialty Group
Ambac Financial Group, Inc. has rebranded as Octave Specialty Group, Inc., marking a strategic shift towards becoming a global specialty insurance firm. The company will trade under the new ticker symbol "NYSE: OSG" on November 20th, 2025, and will focus on acquiring and building high-performing managing general agency (MGA) businesses across the US, UK, and Bermuda. This rebranding follows the sale of its legacy financial guarantee business earlier in September, solidifying its transformation into a dynamic specialty insurance enterprise.
Ambac Financial Group Appoints Karen Beyer Head of Investor Relations
Ambac Financial Group, Inc. (NYSE: AMBC) has announced the appointment of Karen Beyer as Managing Director, Head of Investor Relations. Beyer brings over 20 years of investment industry experience, previously serving as Senior Vice President, Director of Investor Relations at Chubb. She will report to David Trick, Executive Vice President, Treasurer and Chief Financial Officer, and is expected to contribute significantly to Ambac's investor relations strategies.
Ambac Financial Group Rebrands as Octave Specialty Group, Inc. – Company Announcement
Ambac Financial Group, Inc. has announced its rebranding to Octave Specialty Group, Inc. This change signifies a new chapter for the company. The announcement was made through a company statement.
Ambac Financial Group Rebrands as Octave Specialty Group, Inc.
Ambac Financial Group, Inc. has officially rebranded as Octave Specialty Group, Inc., marking a significant shift in its business strategy after selling its legacy financial guarantee business. The company will trade under the new ticker symbol "NYSE: OSG" starting November 20, 2025. This rebrand emphasizes Octave's focus on building and acquiring high-performing managing general agency (MGA) businesses globally, with its acquisition division now named Octave Partners and its incubation division named Octave Ventures.
Ambac Financial Group Appoints Karen Beyer Head of Investor Relations
Ambac Financial Group, Inc. (NYSE: AMBC) has appointed Karen Beyer as Managing Director, Head of Investor Relations. Beyer brings over 20 years of investment industry experience from roles at Chubb, State Street Global Advisors, GE Asset Management, and New York Life Investment Management. She will be based in New York and report to David Trick, Executive Vice President, Treasurer and CFO.
Ambac Financial Group Appoints Karen Beyer Head of Investor Relations
Ambac Financial Group, Inc. has appointed Karen Beyer as Managing Director, Head of Investor Relations. Beyer brings over 20 years of investment industry experience from companies like Chubb, State Street Global Advisors, and GE Asset Management. She will report to David Trick, Executive Vice President, Treasurer and CFO, and will be based in New York.
Ambac Financial Group (AMBC) Reports Q3 Loss, Tops Revenue Estimates
Ambac Financial Group (AMBC) reported a Q3 loss of $0.21 per share, which was better than the Zacks Consensus Estimate of a $0.23 loss, representing an 8.70% earnings surprise. The company's revenues for the quarter were $66.61 million, surpassing estimates by 17.33% despite a year-over-year decline. Ambac currently holds a Zacks Rank #3 (Hold), indicating it is expected to perform in line with the market.
Ambac Financial Group Rebrands as Octave Specialty Group, Inc.
Ambac Financial Group, Inc. (NYSE: AMBC) has rebranded as Octave Specialty Group, Inc. (NYSE: OS) to signify its transformation into a leading specialty insurance platform. The rebrand follows the sale of its legacy financial guarantee business and focuses on building and acquiring high-performing managing general agency (MGA) businesses globally. Its insurance distribution entities, Cirrata Group and Beat Capital Partners, are now Octave Partners and Octave Ventures, respectively.
Ambac Financial swoops on Chubb for head of investor relations
Ambac Financial Group, Inc. has appointed Karen Beyer as managing director and head of investor relations, recruiting her from Chubb where she held a similar role. Beyer brings over 20 years of investment industry experience, having worked in both buy-side and sell-side analytical capacities. Her appointment aims to enhance Ambac's investor relations and transparency, especially as the insurance sector sees increased investor engagement and record issuance in catastrophe bonds.
Ambac Financial Group Completes Acquisition of ArmadaCare
Ambac Financial Group, Inc. has announced the completion of its acquisition of ArmadaCare, a supplemental health insurance program manager, from SiriusPoint Ltd. ArmadaCare will continue its operations under its existing management team as a wholly-owned subsidiary of Ambac. This acquisition aims to strengthen Ambac's financial profile, diversify its distribution platform, and complement its existing accident and health businesses.
Ambac Financial Group Completes Acquisition of ArmadaCare
Ambac Financial Group, Inc. (NYSE: AMBC) has announced the completion of its acquisition of ArmadaCare, a supplemental health insurance program manager previously owned by SiriusPoint Ltd. ArmadaCare will continue its operations with its existing management team, led by CEO Ed Walker, and will function as a wholly owned subsidiary of Ambac. This acquisition is expected to strengthen Ambac's financial profile and diversify its distribution platform.
Ambac Financial Group and Oaktree announce an extension to the stock purchase agreement for the Financial Guarantee business
Ambac Financial Group and Oaktree Capital Management, L.P. announced an extension to their stock purchase agreement for Ambac's legacy financial guarantee businesses until December 31, 2025. Both parties remain committed to the $420 million cash transaction and are awaiting final regulatory approval from the Wisconsin OCI. This sale is a key step in Ambac's transformation into a specialty P&C insurance platform.
Ambac Financial Group, Inc. Provides Update on the Sale of Its Legacy Financial Guarantee Business
Ambac Financial Group, Inc. (NYSE: AMBC) reports completing all pre-closing conditions for the sale of Ambac Assurance Corporation (AAC) and Ambac UK (AUK) to Oaktree Capital Management, L.P. The final regulatory approval is pending and expected in Q2, leading to an automatic extension of the purchase agreement until July 3, 2025. Ambac is ready to finalize the sale once this approval is received.
Ambac subsidiary Beat Capital Partners launches new MGA - Insurance Business America
Beat Capital Partners, an Ambac subsidiary, has launched 1889 Specialty Insurance Services, a new US-based managing general agent (MGA) focusing on financial institutions. Led by Blair Bartlett, the MGA will offer management liability and professional lines insurance to SMEs, asset managers, and insurance entities, backed by A+ rated capacity. This launch is part of Ambac's broader strategy to expand its specialty insurance offerings.
Dimensional Fund Advisors LP Reduces Stake in Ambac Financial Gr - GuruFocus
Dimensional Fund Advisors LP reduced its stake in Ambac Financial Group Inc by 10.63%, selling 254,690 shares, though Ambac still represents 4.60% of the firm's portfolio. Ambac Financial Group, a financial services holding company, is facing challenges with a market capitalization of $371.678 million, a stock price of $8.01, and poor financial metrics. The company is considered a "Possible Value Trap," with a GF Value of $21.49, negative ROE and ROA, and weak balance sheet strength.
(AMBC) as a Liquidity Pulse for Institutional Tactics
This article provides an AI-driven analysis of Ambac Financial Group Inc. (NASDAQ: AMBC), suggesting a weak sentiment across all horizons supporting a short bias. It details key findings including a mid-channel oscillation pattern and an exceptional risk-reward short setup. The analysis also outlines specific institutional trading strategies for long, breakout, and short positions, alongside a multi-timeframe signal analysis indicating weakness across near-term, mid-term, and long-term horizons.
Ambac Subsidiary Beat Capital Partners Launches 1889 Specialty Insurance Services, a Financial Institutions MGA Led by Blair Bartlett and Backed by A+ Rated Capacity
Ambac Financial Group's subsidiary, Beat Capital Partners, has launched 1889 Specialty Insurance Services, a U.S.-based Managing General Agent (MGA) for financial institutions. Led by Blair Bartlett, the new entity will offer management liability and professional lines insurance to small and medium-sized financial institutions, asset managers, and insurance companies, backed by A+ rated capacity. This move aims to leverage Bartlett's two decades of experience in the financial lines sector to build a leading underwriting presence in this market segment.
Ambac Financial Group (NYSE:AMBC) Trading 2.7% Higher – What’s Next? - Defense World
Ambac Financial Group (NYSE:AMBC) saw its stock trading 2.7% higher, with a market cap of $391.52 million and key moving averages above recent prices. Truist Financial initiated coverage with a "buy" rating and a $10.00 target price. Institutional investors have significantly increased their stakes in Ambac, while the company operates in specialty property and casualty insurance, insurance distribution, and legacy financial guarantee insurance.
Ambac Financial Group (NYSE:AMBC) Trading 2.7% Higher - What's Next? - MarketBeat
Ambac Financial Group (NYSE:AMBC) saw its stock price increase by 2.7% to $8.44 on Tuesday, despite trading volume being 14% lower than average. Analyst ratings are mixed, with one "Buy" and one "Sell," and a consensus target price of $10.00. The company's CEO, Claude Leblanc, recently purchased 25,000 shares, increasing insider ownership.
SiriusPoint Ltd. to Sell ArmadaCare to Ambac Financial Group for $250 Million
SiriusPoint Ltd. announced the sale of its wholly-owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group Inc. for $250 million. The transaction is expected to close in Q4 2025, pending regulatory approvals, and SiriusPoint anticipates a pre-tax gain of $220-230 million, alongside a 10% increase in its pro-forma tangible book value. The company will maintain a capacity partnership with Armada until the end of 2030, reinforcing its commitment to its Accident & Health business.
Ambac Financial Group to Acquire ArmadaCare
Ambac Financial Group, Inc. (NYSE: AMBC) announced its definitive agreement to acquire ArmadaCare, a supplemental health insurance program manager, from SiriusPoint Ltd. (NYSE: SPNT) for $250 million. This acquisition aims to accelerate the growth of Ambac's distribution platform, diversify its specialty products, and expand its relationships with distribution and capacity partners. The transaction, approved by both boards, is expected to close in Q4 2025, offering significant strategic and financial benefits to Ambac.
Shareholders in Ambac Financial Group (NYSE:AMBC) are in the red if they invested three years ago
Ambac Financial Group (NYSE:AMBC) shareholders have experienced a 40% share price decline over the last three years, underperforming a passive index fund investment. Despite a recent 27% gain in the last quarter, the long-term trend remains negative, with the company also showing underwhelming revenue growth of 0.9% annually over the same period and currently not being profitable. While insider buying has occurred, the company's lack of profits and slow revenue growth are key concerns for investors.
Ambac reports 110% increase in Q2’25 total P&C premium production
Ambac Financial Group reported a 110% increase in total P&C premium production in Q2 2025, reaching $346 million, largely driven by the acquisition of Beat Capital. While total revenues from continuing operations rose 8% to $55 million, the company experienced a net loss of $21 million for Q2 2025, attributed to increased intangible amortization and interest expense from the Beat acquisition. Despite some negative organic growth impacts, leadership sees market stabilization and expanding opportunities.
Recent uptick might appease Ambac Financial Group, Inc. (NYSE:AMBC) institutional owners after losing 32% over the past year
Institutional investors, who hold an 83% stake in Ambac Financial Group, are likely encouraged by a recent 22% increase in share price, following a 32% loss over the past year. While institutions have significant influence, no single shareholder holds a majority, with the top 17 investors controlling 51% of the company. Insiders also own a portion of the shares, indicating some alignment of interests within the company.
Deutsche Bank, Mudrick Sue Ambac Over $65 Million Transfer
Deutsche Bank, Mudrick Capital Management, and other noteholders have sued Ambac Assurance Corp. for an alleged unauthorized transfer of $65 million to its parent company, Ambac Financial Group. The creditors claim this transfer violates Ambac's rehabilitation terms and benefits shareholders over noteholders, especially given their unpaid principal and interest since 2018. This dispute also involves the structure of an Oaktree Capital Management sale of Ambac's legacy financial guarantee business, which creditors allege was designed to harm Ambac Assurance.
Ambac Assurance sued over alleged unauthorized transfer to parent company
Deutsche Bank Securities, Mudrick Capital Management, and other noteholders have filed a lawsuit against Ambac Assurance Corp., alleging an unauthorized transfer of $65 million to its parent company, Ambac Financial Group. The creditors claim this transfer breached a condition of Ambac's rehabilitation and prioritized shareholders over noteholders, who have not received payments since 2018. The lawsuit centers on whether the $65 million transaction, intended to acquire a stake in Beat Capital Partners, qualifies as a co-investment requiring specific approval from the Wisconsin insurance commissioner.
Ambac Financial Group Inc. (AMBC) reports earnings
Ambac Financial Group Inc. (AMBC) filed its annual report on Form 10-K, detailing revenue growth in its Specialty Property and Casualty Insurance and Insurance Distribution segments for the fiscal year ended December 31, 2024. Despite increased revenues, the company reported a net loss due to higher acquisition costs and other expenses. Ambac also announced the upcoming sale of its financial guarantee business and highlighted the acquisition of a 60% interest in Beat Capital Partners Limited to enhance its Insurance Distribution segment.
Ambac Completes Acquisition of Beat Capital Partners
Ambac Financial Group, Inc. has completed its acquisition of Beat Capital Partners, a London-based insurance underwriting and MGA incubation platform, purchasing a 60% controlling stake. This acquisition significantly expands Ambac's property and casualty insurance operation, doubling its size and increasing the number of MGAs in its Cirrata Group to 16, with an anticipated annual premium production of approximately $1.4 billion for 2024. The deal aims to enhance Ambac's specialty P&C strategy and drive long-term growth and value for shareholders.
Ambac’s Cirrata Group Launches Tara Hill, an E&S Management and Professional Liability Program Administrator Led by Industry Veteran Peter McKeegan
Ambac's Cirrata Group has partnered with industry veteran Peter McKeegan to launch Tara Hill Insurance Services, a new program administrator specializing in Management and Professional Liability. Tara Hill will focus on developing an Excess & Surplus (E&S) portfolio for small to medium-sized risks, distributing its products exclusively through wholesale brokers. McKeegan, with extensive experience in the field, will serve as Tara Hill's CEO.
Richard Edsall Joins Tara Hill as Senior Vice President
Richard Edsall has been appointed Senior Vice President at Tara Hill Insurance Services, an Ambac-owned program administrator, where he will focus on developing an excess & surplus casualty portfolio for private management liability. Edsall brings extensive experience from Argo Pro, Chubb, Axcelera Specialty, and AIG. Additionally, Brian McKeegan has been named Senior Underwriter at Tara Hill.
Ambac Financial approves sale of guarantee business to Oaktree
Ambac Financial Group's shareholders have approved the sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, to funds managed by Oaktree Capital Management, LP. This transaction is a key step in Ambac's strategy to transform into a specialty property and casualty insurance platform, following its recent acquisition of a controlling stake in Beat Capital Partners. The sale is expected to finalize in late 2024 or early 2025, pending regulatory approvals.
Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners
Ambac Financial Group, Inc. announced a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners for approximately $282 million, strengthening Ambac's position as a leading specialty program insurance platform. This acquisition is expected to significantly accelerate Ambac's progress towards its three-year target of generating over $100 million in annual EBITDA. The transaction highlights the alignment of interests, with Beat's management and Bain Capital retaining significant equity stakes.
Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners
Ambac Financial Group, Inc. (NYSE: AMBC) has entered into a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners, a London-based insurance underwriting and MGA incubation platform, for approximately $282 million. This acquisition, expected to close in Q3 2024, aims to strengthen Ambac's position as a leading specialty program insurance platform and significantly accelerate its growth strategy in the specialty program insurance market. Beat's management and Bain Capital will retain approximately 20% equity each in Beat.
Ambac to sell its legacy financial guarantee businesses to Oaktree for $420mn
Ambac Financial Group, Inc. has announced its plan to sell its legacy financial guarantee businesses, Ambac Assurance Corporation (AAC) and Ambac UK (AUK), to funds managed by Oaktree Capital Management, L.P. for $420 million in cash. This sale represents the final step in Ambac's strategy to transition into a specialty property and casualty insurance platform. The transaction is expected to close in Q4 2024 or Q1 2025, pending regulatory and shareholder approvals.
Ambac Financial buys majority stake in Beat Capital
Ambac Financial Group Inc. announced its acquisition of a 60% stake in London-based Beat Capital Partners Ltd. for $282 million in a cash and stock deal. This acquisition is expected to significantly boost Ambac's annual EBITDA and expand its specialty property and casualty insurance platform to over $1.4 billion in gross written premiums. Beat's existing management team and employees will remain, with Ambac purchasing the stake from current shareholders including Bain Capital LP.
Ambac buying majority stake in ILS capacity-supported Beat Capital
Ambac Financial Group, Inc. has agreed to acquire a 60% controlling stake in Beat Capital Partners Limited, a London-based re/insurance investor and MGA incubator, which will become part of Ambac’s Cirrata Group. Beat Capital has been supported by ILS capital from investors like Ontario Teachers’ Pension Plan and will continue to operate with its senior leadership team. This acquisition is expected to significantly boost Ambac's specialty program insurance market presence, projecting over $1.4 billion in gross written premiums for 2024.
Ambac: Q3 Earnings Snapshot
Ambac Financial Group Inc. reported a third-quarter profit of $66 million, or $1.41 per share, with adjusted earnings of $2 per share. The bond insurer posted revenue of $74 million for the period. Ambac shares have seen a 28% decrease since the beginning of the year and a more than 6% drop in the last 12 months.
Keoghs expands presence in Scotland with key appointments
Keoghs is strengthening its presence in Scotland by appointing Laurie Traynor and Zoe Strong as partners in its Glasgow offices. These appointments reflect Keoghs' recent growth, with Traynor bringing expertise in employer and public liability and motor claims, and Strong leading the Scottish disease team with over two decades of experience in industrial disease claims. The firm is actively recruiting to further expand its team to meet rising demand.
Hastings Direct partners with ARAG for vehicle hire insurance
Hastings Direct has partnered with ARAG to offer vehicle hire insurance to its motor client base, aiming to enhance customer experience and drive digital growth. This new optional add-on provides a like-for-like replacement vehicle in the event of total loss due to fire, theft, vandalism, or at-fault accidents. The partnership emphasizes customer-centric approaches and digital expansion, making the solution available to over one million Hastings Direct customers starting October 21st.
We’ve Got The Key joins handl Group’s portfolio
Handl Group has acquired We’ve Got The Key Limited (WGTK), the UK’s largest auto locksmith company, aiming to double its size within 18 months by expanding its market share and service offerings. This strategic acquisition positions WGTK to become a national brand for auto lockouts, supporting motor insurers and various other sectors. Peter Crellen has been appointed as the new managing director to lead this expansion and strengthen WGTK’s market position.
Sky launches home insurance and smart tech bundle
Sky, known for its TV and broadband services, is entering the home insurance market with its new Sky Protect product. The offering includes comprehensive home insurance, underwritten by Zurich, along with smart home tech valued at £250, available at a fixed price for 24 months. This move aims to disrupt the home insurance sector and diversify Sky's business beyond its traditional offerings.
C. James Prieur Resigns from Ambac Board
C. James Prieur has announced his resignation from the Ambac Financial Group, Inc. Board of Directors, effective February 22, 2023, citing personal reasons. Jeffrey S. Stein, Chairman of the Board, thanked Prieur for his valuable service since 2016. Prieur stated that he felt it was the right time to step down given Ambac's significant successes in 2022, including the settlement of legacy litigations and expansion of the specialty P&C business.
Ambac Settles RMBS Litigation Against Nomura
Ambac Financial Group announced a settlement in its RMBS litigation against Nomura Credit & Capital, Inc., with Nomura agreeing to pay AAC $140 million. This settlement is expected to result in a gain of approximately $43 million for Ambac, which will be recognized in its fourth-quarter financial results. The proceeds will be used to repay the outstanding balance of Ambac's Tier 2 Notes, marking the closure of all of Ambac’s legacy RMBS representation and warranty litigation.
Davies expands its property validation solutions with acquisition
Davies has acquired Building Validation Solutions (BVS), a company specializing in tech-enabled, end-to-end property claims services for the UK insurance market. This acquisition will integrate BVS's automated claims management system, Metrix, into Davies's claims solutions arm, enhancing their offerings for automated low-value property claims. The move aims to address the increasing need for efficient claims processing, especially given recent spikes in claims due to extreme weather events.
The Floow and Direct Line expand telematics partnership
The Floow has expanded its partnership with Direct Line Group by launching a smartphone app-only version of its telematics insurance offering, DrivePlus. This evolution allows drivers to use their smartphone as a telematics device, promoting road safety, making insurance more affordable for young drivers with potential savings of around 20%, and eliminating the need for a black box. The collaboration, which began in 2012, aims to provide innovative connected insurance products and positively influence safer driving behaviors.
