Ambac Financial acquires All Trans Risk Solutions, Capacity Marine
Nov. 08, 2022 8:46 AM ETAmbac Financial Group, Inc. (AMBC)By: Jessica Kuruthukulangara, SA News Editor
- Ambac Financial (NYSE:AMBC) said Tuesday it acquired majority stakes in All Trans Risk Solutions and Capacity Marine.
- "These acquisitions add ~$60M of premium placed to our insurance distribution division Cirrata Group," said Ambac (AMBC) CEO Claude LeBlanc.
- All Trans Risk Solutions is a full service managing general underwriter specializing in commercial automobile insurance.
- Capacity Marine is a wholesale and retail brokerage and reinsurance intermediary specializing in marine and international risk.