Welcome to our dedicated page for Ambac Finl Group news (Ticker: AMBC), a resource for investors and traders seeking the latest updates and insights on Ambac Finl Group stock.
The AMBC news page on Stock Titan provides an organized view of announcements, earnings releases, and transaction updates related to Ambac Financial Group, Inc., the insurance holding company that has rebranded as Octave Specialty Group, Inc. Company news highlights Ambac’s transformation from a financial guarantee-focused business into a specialty property and casualty insurance and insurance distribution platform, as well as its plans to trade under the new ticker symbol OSG on the New York Stock Exchange.
Readers can review quarterly and periodic financial results, where Ambac reports segment performance for its Insurance Distribution and Specialty P&C Insurance businesses. These releases discuss trends in commissions, program fees, and net premiums earned, as well as metrics such as adjusted EBITDA and combined ratios for the specialty P&C segment. Earnings announcements often include commentary from senior management on segment growth, underwriting performance, and the impact of acquisitions.
News coverage also includes strategic corporate developments. Examples are the completion of the sale of Ambac’s legacy financial guarantee businesses to funds managed by Oaktree Capital Management, the acquisition of ArmadaCorp Capital, LLC and ArmadaCare to expand its supplemental health insurance program management capabilities, and the acquisition of Beat Capital Partners to broaden its insurance distribution platform. Additional items profile MGA launches and program expansions, such as 1889 Specialty Insurance Services and Pivix Specialty Insurance Services Inc., which illustrate Ambac’s focus on niche specialty and excess and surplus lines.
For investors, analysts, and insurance professionals, following AMBC-related news offers insight into the company’s ongoing evolution, its specialty P&C and MGA strategy, and the historical context behind its transition to Octave Specialty Group. Regular visits to this page help users monitor new filings, earnings communications, and corporate actions tied to the AMBC symbol and its successor branding.
Ambac Financial Group (NYSE: AMBC), an insurance holding company, has scheduled the release of its second quarter 2025 financial results on August 7, 2025 after market close.
The company will host a conference call on August 8, 2025 at 8:30 a.m. ET, featuring President and CEO Claude LeBlanc and CFO David Trick. Investors can access the call via webcast through Ambac's website or by telephone. A replay will be available until August 22, 2025.
Ambac Financial Group (NYSE: AMBC) announced that the Wisconsin Office of the Commissioner of Insurance (OCI) has scheduled a hearing for the sale of Ambac Assurance Corporation (AAC). The hearing is set for September 3, 2025, at 9 a.m. CT, with a pre-hearing conference scheduled for August 4, 2025, at 3 p.m. CT.
CEO Claude LeBlanc expressed satisfaction with the hearing date being set, noting it represents one of the final steps in Wisconsin's regulatory approval process. The company aims to complete the sale to transform into a pure-play specialty P&C insurance platform.
Ambac Financial Group (NYSE: AMBC) has announced an extension of its stock purchase agreement with Oaktree Capital Management for the sale of its legacy financial guarantee businesses. The agreement's term has been extended from July 3, 2025, to December 31, 2025.
The $420 million cash transaction involves the sale of Ambac Assurance Corporation (AAC) and Ambac UK (AUK). Oaktree is currently working with the Wisconsin Office of the Commissioner of Insurance (OCI) to obtain final regulatory approval. The deal includes modifications to Oaktree's warrant conversion rights, arrangements for Ambac's lease obligations, and treatment of certain AAC-allocated expenses.
Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, has partnered with Everspan Group to launch a new Excess program for Petroleum Gasoline Haulers. The program offers up to $4 million in excess coverage and is available nationwide, excluding Massachusetts, Hawaii, and Alaska.
The non-admitted product is specifically designed for retail and wholesale Petroleum Gasoline Haulers involved in petroleum and propane product distribution. The partnership aims to provide enhanced risk management solutions and flexibility for retail agents serving petroleum industry clients.
Ambac Financial Group (NYSE: AMBC) has announced it will release its first quarter 2025 financial results on May 12, 2025, after market close. The company will host a conference call on May 13, 2025, at 8:30 a.m. ET to discuss the quarterly results.
The call will feature President and CEO Claude LeBlanc and EVP/CFO David Trick. Investors can access the call through a live audio webcast on Ambac's website or by dialing (877) 407-9716 (Domestic) or (201) 493-6779 (International). A replay will be available until May 27, 2025, accessible via (844) 512-2921 (Domestic) or (412) 317-6671 (International) using ID# 13753308.
Ambac Financial Group (NYSE: AMBC) has announced an update regarding the sale of its legacy financial guarantee business, including Ambac Assurance (AAC) and Ambac UK (AUK), to Oaktree Capital Management-managed funds. The company has fulfilled all its pre-closing requirements under the purchase agreement.
While Oaktree is still pursuing the final regulatory approval, which is expected in the second quarter, the purchase agreement's term has been automatically extended from April 4, 2025, to July 3, 2025. CEO Claude LeBlanc confirmed that Ambac stands ready to complete the transaction once the final regulatory approval is secured.
Ambac Financial Group (NYSE: AMBC) has announced the details for its 2025 Annual Meeting of Stockholders. The meeting is scheduled for Wednesday, May 28, 2025 at 11 a.m. (ET) and will be conducted in a virtual format. The company has set April 3, 2025 as the record date for determining stockholder eligibility to receive notice and voting rights for the annual meeting. Additional information about the Annual Meeting will be provided in the upcoming proxy statement and related materials.
Ambac Financial Group (NYSE: AMBC) reported significant growth in Q4 and full year 2024, with total revenue from continuing operations increasing 89% to $236 million. Specialty P&C Insurance premium grew 74% to $876 million annually.
Key highlights include:
- Q4 P&C premium production reached $265 million, up 88% year-over-year
- Insurance Distribution revenue grew 257% to $44 million in Q4
- Combined ratio improved by 380 bps to 96.5% in Q4
- Company recorded a $(570) million loss from Legacy Financial Guarantee business sale
- Consolidated net loss of $(548) million or $(10.23) per diluted share
- Share repurchase of 962,141 shares at average $12.48 in Q4
The company is finalizing the sale of its Legacy Financial Guarantee business to Oaktree Capital Partners for $420 million, pending Wisconsin regulatory approval.