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Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, through its wholly-owned insurance distribution division, Cirrata Group, is partnering with industry veteran Penny Parisoff to establish a new managing general agency that will serve the h...
Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has signed a program manager agreement with Markel Service, Incorporated. Under the agreement, Xchange will underwrite medical stop loss coverage on behalf of an in...
Significant Progress in Strategic Initiatives Net income of $2 million and adjusted earnings of $14 million, including the impact of previously announced developments related to RMBS litigation and Puerto Rico Specialty P&C insurance production totaled $69 million,...