Ambac Financial Group Completes Acquisition of ArmadaCare

Reuters11-03

Ambac Financial Group Completes Acquisition of ArmadaCare

Ambac Financial Group has completed its previously disclosed acquisition of ArmadaCare, a supplemental health insurance program manager, from SiriusPoint Ltd. ArmadaCare will maintain its brand and current management team, continuing to operate as a wholly owned subsidiary of Ambac. Ambac's President and CEO, Claude LeBlanc, noted that the addition of ArmadaCare enhances Ambac's financial profile and diversifies its distribution platform, while ArmadaCare CEO Ed Walker expressed enthusiasm for joining Ambac and continuing the partnership with SiriusPoint.

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. Ambac Financial Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251103877512) on November 03, 2025, and is solely responsible for the information contained therein.

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