Ambac Financial Group, Inc. - Common Stock (AMBC)

Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC) reports that it has met all of its necessary pre-closing conditions under the purchase agreement for the sale of Ambac Assurance Corporation (“AAC”) and Ambac UK (“AUK”) to funds managed by Oaktree Capital Management, L.P. (“Oaktree”). Oaktree continues to pursue the final outstanding regulatory approval, which is expected to be received in the second quarter. As a result, consistent with the terms of the purchase agreement, the term of the purchase agreement has been automatically extended from April 4, 2025, to July 3, 2025.

Ambac Financial Group, Inc. (NYSE: AMBC), an insurance holding company, today announced that Ambac’s 2025 Annual Meeting of Stockholders will be held on Wednesday, May 28, 2025 at 11 a.m. (ET). The meeting will be held in a virtual format. The record date for determining stockholders entitled to notice of, and to vote at, the annual meeting will be the close of business on April 3, 2025.

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Fourth Quarter 2024.

Ambac Financial Group, Inc. (NYSE: AMBC), an insurance holding company, will release fourth quarter 2024 results on February 26, 2025, following the close of the market.

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended September 30, 2024.

Ambac Financial Group, Inc. (NYSE: AMBC), an insurance holding company, today announced that it will release third quarter 2024 results on November 12, 2024, following the close of the market.

Beat Capital Partners (“Beat”), a London-based incubator of underwriting franchises and a subsidiary of Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), has partnered with former CrossCover executive Brett Dupre to launch U.S.-based Fallow Grove Insurance Services (“Fallow Grove”). Dupre has more than 35 years of industry experience and was also a former executive at AmRisc Group and FM Global.

Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), an insurance holding company, announced that at the special meeting of shareholders (the “Special Meeting”) held earlier today, its shareholders voted to approve the proposed purchase agreement under which funds managed by Oaktree Capital Management, L.P. will acquire its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited (the “Sale” proposal).

Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), an insurance holding company, announced it has partnered with Mike Miller and his team on the launch of Pivix Specialty Insurance Services Inc. (“Pivix”), a managing general agency focusing on the excess and surplus (E&S) lines market. Miller, the former president of Scottsdale Insurance, Nationwide’s E&S carrier, is president and chief executive officer of Pivix.

Beat Capital Partners (“Beat”), a London-based incubator of underwriting franchises and a subsidiary of Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), and Doug Karpp, former executive at Hiscox and AIG with over two decades of industry experience, announce proRISE Insurance Services (“proRISE’”) to launch on Oct. 1. proRISE specializes in management and professional liability insurance with a focus on small and medium-sized enterprises (SMEs). Backed by A+ rated capacity, proRISE writes on behalf of a consortium led by Beat Syndicate 4242 at Lloyd’s. It offers a robust line of products tailored to the diverse needs of professionals and executives. Its products will be distributed through wholesale brokers.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Ambac Financial Group, Inc.’s (NYSE: AMBC) legacy financial guarantee businesses to funds managed by Oaktree Capital Management, L.P. for $420 million in cash is fair to Ambac shareholders.

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended June 30, 2024.

Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), an insurance holding company, today announced the completion of its previously disclosed acquisition of Beat Capital Partners (“Beat”), a London-based insurance underwriting and managing general agency (MGA) incubation platform. Ambac purchased a 60% controlling stake in Beat, which will continue to be led by its existing management team, including Chairman John Cavanagh.

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release second quarter 2024 results on August 5, 2024, following the close of the market.

Tara Hill Insurance Services (“Tara Hill”), a program administrator owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced that industry veteran Richard Edsall has joined its team as senior vice president. Edsall, who most recently was senior vice president of commercial management liability at Argo Pro, will be responsible for developing an excess & surplus (E&S) portfolio focused on private management liability and miscellaneous professional liability coverages for small to medium sized risks.

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), an insurance holding company, today announced it has joined with Peter McKeegan to launch Tara Hill Insurance Services (“Tara Hill”), a program administrator specializing in Management and Professional Liability. Tara Hill will be part of Cirrata Group, Ambac’s insurance distribution division. McKeegan will serve as Tara Hill’s chief executive officer.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Ambac Financial Group, Inc.’s (NYSE: AMBC) legacy financial guarantee businesses to funds managed by Oaktree Capital Management, L.P. for $420 million in cash is fair to Ambac shareholders.

Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), an insurance holding company, yesterday signed a definitive agreement to sell its legacy financial guarantee businesses, Ambac Assurance Corporation (“AAC”) and Ambac UK (“AUK”), to funds managed by Oaktree Capital Management, L.P. (“Oaktree”) for $420 million in cash. Additionally, Oaktree will receive warrants to acquire up to 9.9% of Ambac common stock at a strike price of $18.50.

Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), an insurance holding company, has signed a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited (“Beat”), a London-based insurance underwriting and managing general agency (MGA) incubation platform, for approximately $282 million, up to $40 million of which will be paid in shares of Ambac common stock. The remainder will be paid in cash and is subject to closing adjustments. The transaction is expected to close in the third quarter of 2024, subject to regulatory approvals. The transaction will be financed from available cash and committed financing.

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended March 31, 2024.

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release first quarter 2024 results on May 6, 2024, following the close of the market.

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that Ambac’s 2024 Annual Meeting of Stockholders will be held on Wednesday, June 5, 2024 at 11 a.m. (ET). The meeting will be held in a virtual format. The record date for determining stockholders entitled to notice of, and to vote at, the annual meeting will be the close of business on April 10, 2024.

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the fourth quarter and year ended December 31, 2023.

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, will release fourth quarter 2023 results on February 27, 2024, following the close of the market.