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Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners

Aug 2 2024 // Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for about $282 million, up to $40 million of which will be paid in shares of Ambac common...

Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker

Nov 9 2022 // Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corp, both of Mahwah, New Jersey.All Trans is a...

Ambac Financial Launches Specialty Insurance Group Everspan

Feb 10 2021 // Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business.Everspan Group’s insurance companies...

N.Y. Court Says BofA, Countrywide Merger Communications Must Be Disclosed

Jun 13 2016 // New York’s highest court ruled on June 9 that Bank of America must disclose to an insurer communications it had with Countrywide Financial six months before the bank bought the mortgage lending company in 2008. The...

Insurers with Big Stake Buy Puerto Rico Bonds

Mar 13 2016 // The companies with the most at stake in Puerto Rico’s debt crisis have become buyers of the island’s bonds.MBIA Inc.’s National Public Finance Guarantee Corp. and Ambac Financial Group, which together...

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