SiriusPoint Sells ArmadaCare to Ambac for $250 Million

Reuters11-03

SiriusPoint Sells ArmadaCare to Ambac for $250 Million

A subsidiary of SiriusPoint Ltd. has completed the sale of all membership interests in ArmadaCorp Capital, LLC, the holding company of its supplemental health insurance program manager, ArmadaCare, to a subsidiary of Ambac Financial Group Inc. The transaction, first announced in September 2025, closed on October 31, 2025, after satisfying customary closing conditions. Under the terms of the agreement, SiriusPoint's subsidiary received $250 million in cash, subject to certain deductions, including transaction expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SiriusPoint Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-261760), on November 03, 2025, and is solely responsible for the information contained therein.

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