Ambac Appoints Team to Oversee $250M ArmadaCare Acquisition
Ambac Financial Group has appointed Kevin Fischer, along with a team including Michael Schwartz, David Hagen, Cameron Gourlay, and Jared Kaplan, to oversee its acquisition of ArmadaCare. The deal, valued at US$250 million, is set to conclude in the fourth quarter of 2025. This move is expected to boost Ambac's growth and product range, while also fostering new partnerships.
Kevin Fischer, heading our website's corporate team, will spearhead Ambac's acquisition of ArmadaCare. The team also includes Michael Schwartz, David Hagen, Cameron Gourlay, and Jared Kaplan. While the specific executive at SiriusPoint involved in this deal remains unnamed, the acquisition is poised to close later this year.
The acquisition, valued at US$250 million, is strategically significant. It will accelerate Ambac's growth, diversify its product offerings, and expand its network of partnerships. This move underscores Ambac's commitment to strategic growth and expansion.
Ambac Financial Group's acquisition of ArmadaCare, facilitated by Kevin Fischer and his team, is set to close in the fourth quarter of 2025. This US$250 million deal is expected to drive Ambac's growth, product diversification, and partnership expansion, further cementing its position in the market.
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