Ambac to sell its legacy financial guarantee businesses to Oaktree for $420mn
Reinsurance News - Jun 05, 2024
Ambac Financial Group, Inc., an insurance holding company, has announced it is to sell its legacy financial guarantee businesses, Ambac Assurance Corporation (AAC) and Ambac UK (AUK), to funds managed by Oaktree Capital Management, L.P.. The company has signed a definitive agreement to sell these bu...
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