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.

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