Ambac Financial Group, Inc. (NYSE: AMBC) acquired an unknown majority stake in Riverton Insurance Agency, Corp.
August 06, 2023
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Ambac Financial Group, Inc. (NYSE: AMBC) acquired an unknown majority stake in Riverton Insurance Agency, Corp. on August 7, 2023 Riverton will join Ambac?s insurance distribution division, Cirrata Group.
Ambac Financial Group, Inc. (NYSE: AMBC) completed the acquisition of an unknown majority stake in Riverton Insurance Agency on August 7, 2023
Ambac Financial Group, Inc. is a financial services holding company. It operates three principal businesses: Legacy Financial Guarantee (LFG) Insurance, Specialty Property and Casualty Insurance, and Insurance Distribution. The LFG Insurance includes the activities of Ambac Assurance Corporation (AAC) and its wholly owned subsidiaries, including Ambac Assurance UK Limited (Ambac UK) and Ambac Financial Services LLC (AFS). The Specialty Property and Casualty Insurance includes five admitted carriers and an excess and surplus lines (E&S or no admitted) insurer, Everspan Indemnity Insurance Company (all carriers collectively, Everspan). The Insurance Distribution includes the specialty property and casualty (P&C) insurance distribution business, which includes managing general agents and underwriters (collectively MGA/Us), insurance wholesalers, brokers, and other distribution businesses, which includes Xchange Benefits, LLC, a P&C MGA specializing in accident and health products.
AMBAC FINANCIAL GROUP, INC. 
