NEW YORK–(BUSINESS WIRE)– Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corporation.
“We are very pleased to add All Trans and Capacity Marine to our growing specialty P&C platform,” said Claude LeBlanc, CEO of Ambac. “These acquisitions add approximately $60 million of premium placed to our insurance distribution division, Cirrata Group. Moreover, we are pleased to add Bob Lull and his proven leadership team to our growing group of Cirrata partners.”
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