Ambac pounces on commercial vehicle, marine insurers

Ambac CEO Claude LeBlanc (pictured above) said: “These acquisitions will add approximately $60 million in premiums to his Cirrata Group, our insurance distribution arm. We are pleased to join the Cirrata Partner Group of

“By joining Ambac’s Cirrata Group, we position our business for continued growth.” It provides access to the

Read the following: Sight Sees Surge in Commercial Auto Claim Severity

All Trans President and Chief Underwriting Officer Matt Simnor said: “Under Ambac’s ownership, we will be able to continue to focus on growing our strong business in the brokerage of transportation-based insurance products while maintaining a prudent approach to underwriting.”

“The Ambac platform will provide Capacity Marine with fundamental support to continue doing what we do best: solving insurance and reinsurance challenges for our customers.”

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