Octave Specialty Group Inc - Company Profile
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Octave Specialty Group Inc, formerly Ambac Financial Group Inc (Ambac) is a financial services holding company with a focus on specialty property and casualty insurance. The company operates through two main divisions: Everspan, a specialty program insurer, and Cirrata, an insurance distribution platform. Everspan underwrites diverse classes of commercial and personal liability risks, while Cirrata consists of independently managed MGAs/MGUs that underwrite specialty classes of risk within the property and casualty segment. The company's products and services are primarily utilized by businesses seeking risk underwriting solutions. The company operates nationwide in the United States and maintains offices in New York and London. Ambac is headquartered in New York, the US.
Headquarters
United States of America
Address
One World Trade Center, One World Trade Center, New York, 10007
Website
octavegroup.com
Telephone
1 212 6587470
No of Employees
380
Industry
Financial Services
Ticker Symbol & Exchange
OSG (NYSE)
Revenue (2024)
$228.8M
96.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-15420.7%
(2024 vs 2023)
Market Cap*
$280.9M
Net Profit Margin (2024)
XYZ
-7,894.2%
(2024 vs 2023)
* As of and is in US$
Octave Specialty Group Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Guarantee Insurance | Guarantee Services | Ambac |
| Specialty Property Insurance | Distribution Services | Everspan |
| Casualty Insurance | Structural Finance | Cirrata |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In November, the company acquired ArmadaCare from SiriusPoint Ltd for US$250 million. |
| 2025 | Contracts/Agreements | In October, Beat Capital Partners partnered with Blair Bartlett to introduce 1889 Specialty Insurance Services in the US. |
| 2025 | Contracts/Agreements | In September, the company signed an agreement to acquire ArmadaCare from SiriusPoint Ltd for US$250 million. |
Competitor Comparison
| Key Parameters | Octave Specialty Group Inc | UnitedHealth Group Inc | The Cigna Group | Tokio Marine Holdings Inc | Aetna Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Japan | United States of America |
| City | New York | Eden Prairie | Bloomfield | Chiyoda-Ku | Hartford |
| State/Province | New York | Minnesota | Connecticut | Tokyo | Connecticut |
| No. of Employees | 380 | 400,000 | 73,500 | 51,987 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jeffrey S. Stein | Chairman | Executive Board | 2015 | 55 |
| Claude LeBlanc | President; Director; Chief Executive Officer | Executive Board | 2017 | 59 |
| David Trick | Treasurer; Executive Vice President; Chief Financial Officer | Senior Management | 2016 | 53 |
| Daniel McGinnis | Senior Managing Director; Chief Operating Officer | Senior Management | 2021 | 53 |
| Robert B. Eisman | Senior Managing Director; Controller; Chief Accounting Officer | Senior Management | 2010 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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