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Ambac Acquires Specialty Insurance Mgu All Trans Risk Solutions, Llc And Wholesale Broker Capacity Marine Corporation

PRIVATENov 08, 2022

Acquiring Company

Ambac Financial Group

Acquired Company

Specialty Insurance MGU All Trans Risk Solutions

New YorkFinancial ServicesFinanceInsurance

Description

Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corporation.

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Company Information

Company

Ambac Financial Group

Location

New York, New York, United States

About

Ambac Financial Group, Inc. (“Ambac”) is an insurance holding company with a strong presence in the specialty property and casualty insurance market. It is listed on the New York Stock Exchange under the ticker symbol AMBC and has a vision of being a premier destination for MGAs (Managing General Agencies), aligning with a team that has proven ability to build and launch profitable de novo MGAs. Ambac's acquisition of 60% controlling stake in Beat Capital Partners Limited significantly accelerates its progress towards its financial targets and strengthens its position in the global insurance market.

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Frequently asked

Who acquired Specialty Insurance MGU All Trans Risk Solutions?

Specialty Insurance MGU All Trans Risk Solutions was acquired by Ambac Financial Group, based in New York. The deal was reported on November 8, 2022. Ambac Financial Group, Inc. (“Ambac”) is an insurance holding company with a strong presence in the specialty property and casualty insurance market. Ambac Financial Group is privately held and operates in Financial Services.

When did Ambac Financial Group acquire Specialty Insurance MGU All Trans Risk Solutions?

Ambac Financial Group's acquisition of Specialty Insurance MGU All Trans Risk Solutions was reported on November 8, 2022. Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corporation. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Specialty Insurance MGU All Trans Risk Solutions do?

All Trans Risk Solutions provides transportation insurance for operators of school buses, charter buses, limousines, and paratransit vehicles. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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