Xchange Benefits Acquires the Employer Stop Loss Renewal Rights of Employer Benefit Underwriters, Inc.
Ambac Financial Group, Inc. (AMBC)
US:NASDAQ Investor Relations:
ir.ambac.com/investor-relations
Company Research
Source: Business Wire
ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits, LLC, a property and casualty managing general underwriter specializing in accident and health insurance, announced that it has purchased the renewal rights of Employer Benefit Underwriters, Inc.’s employer stop loss portfolio, effective immediately. Founded in 1996 in Daytona Beach, Fla., Employer Benefit Underwriters, Inc. (“EBU”) has been a managing general underwriter of employer stop loss business under the leadership of Howard Huneke.This acquisition enables Xchange Benefits, a subsidiary of Ambac Financial Group, Inc. (NYSE: AMBC), to expand its nationwide footprint through the addition of new producer relationships that have been solidified over the years by EBU. Employer Stop Loss remains a growing market segment, and Xchange will continue to proactively pursue opportunities in this sector.“Howard Huneke and the EBU team have built a fabulous business over many years which we are excited about integrating into our Xchange Pl
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News
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- Ambac Financial Group, Inc. (NYSE: AMBC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Ambac Financial Group, Inc. (NYSE: AMBC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
AMBC
Earnings
- 2/27/24 - Beat
AMBC
Sec Filings
- 4/8/24 - Form PRE
- 4/5/24 - Form SC
- 4/1/24 - Form 4
- AMBC's page on the SEC website