Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), an insurance holding company, announces it has entered into a definitive agreement to acquire ArmadaCare, a leading supplemental health insurance program manager, from SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT) for $250 million. Headquartered in Hunt Valley, Maryland, ArmadaCare specializes in innovative supplemental health and workplace benefit products tailored to employer needs. ArmadaCare’s unique insurance benefits complement primary healthcare plans and give companies the extra edge they need to compete for talent.
Read the full article: Ambac Financial Group to Acquire Leading Supplemental Health Program Manager ArmadaCare //
Source: https://www.businesswire.com/news/home/20250929139531/en/Ambac-Financial-Group-to-Acquire-Leading-Supplemental-Health-Program-Manager-ArmadaCare