Ambac Financial Group Inc - Company Profile
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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 MGA/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.
Ambac Financial Group Inc premium industry data and analytics
Products and Services
Products | Services |
---|---|
Guarantee Insurance | Guarantee Services |
Specialty Property Insurance | Public Finance |
Casualty Insurance | Structural Finance |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Acquisitions/Mergers/Takeovers | In August, the company acquired a majority stake in Riverton Insurance Agency Corp. |
2022 | Acquisitions/Mergers/Takeovers | In November, the company acquired majority stakes in All Trans Risk Solutions and Capacity Marine Corporation. |
2022 | Acquisitions/Mergers/Takeovers | In August, the company acquired minority stake in Embrace Partners. |
Competitor Comparison
Key Parameters | Ambac Financial 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 | Hopkins | Bloomfield | Chiyoda-Ku | Hartford |
State/Province | New York | Minnesota | Connecticut | Tokyo | Connecticut |
No. of Employees | 178 | 440,000 | 72,500 | 44,721 | - |
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 | 54 |
Claude LeBlanc | Chief Executive Officer; President; Director | Executive Board | 2017 | 58 |
David Trick | Chief Financial Officer; Executive Vice President; Treasurer | Senior Management | 2016 | 52 |
Daniel McGinnis | Senior Managing Director; Chief Operating Officer | Senior Management | 2021 | 52 |
Robert B. Eisman | Senior Managing Director; Chief Accounting Officer; Controller | Senior Management | 2010 | 56 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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