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Stock impact report

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, Inc. (AMBC) 
US:NASDAQ Investor Relations: ir.ambac.com/investor-relations
Company Research Source: Business Wire
CHARLOTTE, N.C.--(BUSINESS WIRE)--Beat Capital Partners (“Beat”), a London-based incubator of underwriting franchises and a subsidiary of Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), has partnered with former Crum & Forster executive Blair Bartlett to launch U.S.-based 1889 Specialty Insurance Services (“1889 Specialty”).1889 Specialty offers management liability and professional lines insurance coverage to small and medium size (SME) financial institutions, asset managers, insurance companies, and insurance agents and brokers. Products are written on an excess and surplus (E&S) basis and distributed primarily through wholesale channels. Backed by A+ rated capacity, 1889 Specialty writes on behalf of a consortium led by Beat Syndicate 4242 at Lloyd’s.Bartlett, the president and CEO of 1889 Specialty, has more than 20 years of financial lines experience at market-leading firms. Most recently he was Vice President of Financial Institutions at Crum & Forster, and prior to that Show less Read more
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