Ambac

Ambac Announces Meeting and Record Date for 2024 Annual Meeting of Stockholders

Retrieved on: 
Wednesday, March 27, 2024
Banking, Professional Services, Insurance, Finance, Ambac, Shareholder, Annual general meeting

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).

Key Points: 
  • 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.
  • Further information regarding the Annual Meeting will be set forth in the proxy statement and other proxy materials for the Annual Meeting.

Ambac to Release Fourth Quarter 2023 Results on February 27, 2024

Retrieved on: 
Tuesday, February 13, 2024
Professional Services, Insurance, Finance, Ambac, Domestic, International, ID, Webcast, Telephone

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.

Key Points: 
  • 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.
  • On February 28, 2024, at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss fourth quarter 2023 results during a live conference call.
  • A live audio webcast of the call will be available through the Investor Relations section of Ambac’s website, www.ambac.com .
  • A replay of the call will be available through March 13, 2024, and can be accessed by dialing (844) 512-2921 (Domestic) or (412) 317-6671 (International), using ID# 13744126.

Embrace Partners, Minority-Owned Wholesale Insurance Broker, Partners with EPIC Insurance Brokers

Retrieved on: 
Tuesday, February 6, 2024
Partnership, EPIC, Growth, MBE, MGU, Ambac, AIG, Culture, Veteran, Insurance, Traveler, Organization, Woman, Financial services

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Embrace Partners, Inc. ("Embrace"), a minority business enterprise-certified (MBE), tech-driven wholesale insurance broker and managing general underwriter (MGU) of specialty commercial insurance and surety, today announced it has gained another partner with EPIC Insurance Brokers & Consultants (EPIC), one of the top 20 retail insurance brokers in the United States.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Embrace Partners, Inc. ("Embrace"), a minority business enterprise-certified (MBE), tech-driven wholesale insurance broker and managing general underwriter (MGU) of specialty commercial insurance and surety, today announced it has gained another partner with EPIC Insurance Brokers & Consultants (EPIC), one of the top 20 retail insurance brokers in the United States.
  • For the first time, because Embrace is certified as an MBE, all parties across the insurance transaction including clients, retail brokers, and insurance carriers can earn diversity credits for the premium dollars paid for insurance placed through Embrace.
  • Before Embrace entered the market, there were no other MBE certified wholesale brokers.
  • Now, EPIC can simply engage Embrace to access wholesale markets for clients who "embrace" diversity at their organizations.

Embrace Partners, a Minority-Owned Insurance Broker, Approved as a Wholesale Broker for Aon

Retrieved on: 
Wednesday, November 29, 2023
St Paul's Cathedral, AIG, Dave Cayemitte, Insurance, Ambac, Traveler, Aon (company), MGU, Financial services, Embrace

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- Embrace Partners, Inc. ("Embrace"), a minority business enterprise-certified, tech-driven wholesale insurance broker and managing general underwriter (MGU) of specialty commercial insurance and surety, today announced it is approved by Aon plc, a leading global professional services firm, to act as a wholesale broker in the U.S.

Key Points: 
  • NEW YORK, Nov. 29, 2023 /PRNewswire/ -- Embrace Partners, Inc. ("Embrace"), a minority business enterprise-certified, tech-driven wholesale insurance broker and managing general underwriter (MGU) of specialty commercial insurance and surety, today announced it is approved by Aon plc, a leading global professional services firm, to act as a wholesale broker in the U.S.
  • This approval enables Aon brokers, at its clients' direction, to begin placing insurance through Embrace.
  • Adding Embrace to the roster of Aon-approved wholesale brokers provides Aon clients with an opportunity to align their premium dollars and their inclusion and diversity goals.
  • "As a minority business enterprise, Embrace offers insurance buyers, brokers and carriers the ability to incorporate diversity into insurance distribution."

Ambac to Release Third Quarter 2023 Results on November 7, 2023

Retrieved on: 
Tuesday, October 24, 2023
Banking, Professional Services, Insurance, Finance, Ambac, Domestic, Telephone, Mischler Financial Group, ID, NYSE, Webcast, International

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release third quarter 2023 results on November 7, 2023, following the close of the market.

Key Points: 
  • Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release third quarter 2023 results on November 7, 2023, following the close of the market.
  • On November 8, 2023, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss third quarter 2023 results during a live conference call.
  • A live audio webcast of the call will be available through the Investor Relations section of Ambac’s website, www.ambac.com .
  • A replay of the call will be available through November 22, 2023, and can be accessed by dialing (844) 512-2921 (Domestic) or (412) 317-6671 (International), using ID# 13741343.

Ambac Acquires Riverton Insurance Agency Corp.

Retrieved on: 
Monday, August 7, 2023
Banking, Professional Services, Insurance, Finance, ALIA, Vision, NYSE, MGA, Growth, Johnson Financial Group, Ambac

Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired a majority stake in Riverton Insurance Agency Corp., a New Jersey-based insurance services business consisting of an MGA and a retail agency.

Key Points: 
  • Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired a majority stake in Riverton Insurance Agency Corp., a New Jersey-based insurance services business consisting of an MGA and a retail agency.
  • The Riverton platform also includes ALIA, a retail agency that places professional liability for real estate agents with various markets.
  • “We are excited to welcome Riverton to our growing portfolio of insurance distribution businesses,” said Claude LeBlanc, President and Chief Executive Officer of Ambac.
  • “Our vision is to build a best-in-class property and casualty insurance distribution platform, and the addition of Riverton advances that goal.”
    Riverton will join Ambac’s insurance distribution division, Cirrata Group.

Ambac to Release Second Quarter 2023 Results on August 7, 2023

Retrieved on: 
Monday, July 24, 2023
Banking, Professional Services, Insurance, Finance, Telephone, Domestic, Webcast, ID, Ambac, International, Mischler Financial Group, NYSE

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release second quarter 2023 results on August 7, 2023, following the close of the market.

Key Points: 
  • Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release second quarter 2023 results on August 7, 2023, following the close of the market.
  • On August 8, 2023, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss second quarter 2023 results during a live conference call.
  • A live audio webcast of the call will be available through the Investor Relations section of Ambac’s website, www.ambac.com .
  • A replay of the call will be available through August 22, 2023, and can be accessed by dialing (844) 512-2921 (Domestic) or (412) 317-6671 (International), using ID# 13739947.

Ambac Appoints Kristi A. Matus and Michael D. Price to Its Board of Directors

Retrieved on: 
Thursday, June 22, 2023
Professional Services, Finance, MGU, Insurance, Hanover Insurance, Equitable Holdings, Financial risk, The Travelers Companies, USAA, Aviation, Compensation, Audit, Associated Aviation, Risk management, P&C, Multimedia, Promontory Financial Group, Medicare, Global Association of Risk Professionals, Acquisition, Administration, Casualty, Athenahealth, Thrivent, NYSE, Platinum, Management, Medicaid, Ambac

Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), a financial services holding company, announced the appointment of Kristi A. Matus and Michael D. Price as members of its Board of Directors, effective today.

Key Points: 
  • Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), a financial services holding company, announced the appointment of Kristi A. Matus and Michael D. Price as members of its Board of Directors, effective today.
  • View the full release here: https://www.businesswire.com/news/home/20230622048794/en/
    Kristi A. Matus has joined the Board of Directors of Ambac Financial Group (Photo: Business Wire)
    “We are pleased to welcome Kristi Matus and Michael Price to Ambac’s Board of Directors,” said Jeffrey S. Stein, Chairman of the Board.
  • Mr. Price was a member of the Board of Directors of The Hanover Insurance Group, Inc. from July 2017 until May 2020.
  • “Kristi and Michael join the Board at a pivotal time in Ambac’s history,” Ambac CEO Claude LeBlanc said.

AM Best Affirms Credit Ratings of Everspan Indemnity Insurance Company and Its Affiliates

Retrieved on: 
Tuesday, June 13, 2023
Banking, Professional Services, Insurance, Finance, Long-term care insurance, Traction, Credit, NYSE, FSR, ERM, Ambac, Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Everspan Indemnity Insurance Company (Scottsdale, AZ) and its affiliates, collectively referred to as Everspan Group.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Everspan Indemnity Insurance Company (Scottsdale, AZ) and its affiliates, collectively referred to as Everspan Group.
  • The outlook of these Credit Ratings (ratings) is stable.
  • The ratings reflect Everspan Group’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • AM Best assesses Everspan Group’s operating performance as adequate based on execution and implementation of its business plan during its formative stages.

Xchange Benefits to host Experience Xchange educational symposium

Retrieved on: 
Thursday, May 25, 2023
Education, Training, Professional Services, Insurance, Xchange, McGuire family, Indiana University, Senior, X-Change, Life, Convention center, Swiss Re, Lushin Dubey, Principal, Patterson Belknap Webb & Tyler, Conference, Management, Markel Corporation, Ambac

Xchange Benefits LLC, a property and casualty managing general underwriter specializing in accident and health insurance, today announced it will host an educational symposium, Experience Xchange, June 5-7 in Bloomington, Ind.

Key Points: 
  • Xchange Benefits LLC, a property and casualty managing general underwriter specializing in accident and health insurance, today announced it will host an educational symposium, Experience Xchange, June 5-7 in Bloomington, Ind.
  • The two-day event will take place at the Biddle Hotel and Conference Center at Indiana University.
  • It will also include a leadership training session led by Emily Shaw of sales and management consulting firm Lushin.
  • “The Experience Xchange is exactly what it says, an opportunity for valued partners to spend time with the Xchange team and to share valuable insights and experiences with each other,” McGuire said.