SiriusPoint Announces Sale of ArmadaCare MGA for $250m with Long Term Capacity Deal Until 2030 [Yahoo! Finance]
Ambac Financial Group, Inc. (AMBC)
US:NASDAQ Investor Relations:
ir.ambac.com/investor-relations
Company Research
Source: Yahoo! Finance
global specialty insurer and reinsurer, has today announced its agreement to sell wholly owned supplemental health insurance program manager, ArmadaCare (“Armada”) to Ambac Financial Group Inc. (“Ambac”) for $250 million. SiriusPoint will continue its capacity partnership with Armada until the end of 2030. Upon completion of the sale, SiriusPoint will recognize a pre-tax gain of $220-230 million, with the transaction valuing Armada at approximately 14x EBITDA . Pro-forma tangible book value is expected to increase by approximately 10% upon close. Scott Egan, SiriusPoint's Chief Executive Officer, said: “The sale of our equity stake is an important step in unlocking the significant off-balance sheet value of Armada. We look forward to continuing our strong partnership with the team through our long-term capacity agreement. “We are proud of our leading capabilities in the Accident & Health segment, which includes our ownership of premier travel platform International Medical Group
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AMBC
News
- Ambac Financial Group (NYSE:AMBC) had its price target raised by analysts at Truist Financial Corporation from $10.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- Ambac Financial Group (NYSE:AMBC) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Ambac (AMBC) Q3 2025 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group Rebrands as Octave Specialty Group, Inc. [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group Rebrands as Octave Specialty Group, Inc.Business Wire
AMBC
Earnings
- 11/10/25 - Beat
AMBC
Sec Filings
- 11/14/25 - Form 4
- 11/10/25 - Form 8-K
- 11/10/25 - Form 10-Q
- AMBC's page on the SEC website