Ambac Financial Group, Inc. (AMBC) reported a material event on October 31, 2025, centered on a significant strategic transaction and associated financing.
Business & Transactions: Ambac completed the acquisition of ArmadaCorp Capital, LLC (also referred to as ArmadaCare), a supplemental health insurance program manager, for approximately $250 million. The strategic rationale is to strengthen the financial profile and diversify the distribution platform within its accident and health businesses. The acquired entity will operate as a wholly owned subsidiary under its existing management. F
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