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Stock impact report

Ambac Financial Group Completes Acquisition of ArmadaCare

Ambac Financial Group, Inc. (AMBC) 
US:NASDAQ Investor Relations: ir.ambac.com/investor-relations
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), an insurance holding company, today announced it has completed its previously disclosed acquisition of ArmadaCare, a leading supplemental health insurance program manager, from SiriusPoint Ltd.ArmadaCare will continue to be led by its existing management team, including Chief Executive Officer Ed Walker. It will retain its brand and operate as a wholly owned subsidiary of Ambac.“We are thrilled to welcome the ArmadaCare team,” Ambac President and Chief Executive Officer Claude LeBlanc said. “ArmadaCare strengthens our financial profile, diversifies our distribution platform, and offers complementary capabilities to our existing accident and health businesses.”Walker added, “The ArmadaCare team is excited to be joining the Ambac family and continuing our successful capacity partnership with SiriusPoint. Congratulations to all for getting the transaction over the finish line! We look forward to the next c Show less Read more
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