SiriusPoint Sells ArmadaCare to Ambac for $250 Million
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SiriusPoint Ltd. has sold its subsidiary ArmadaCorp Capital, LLC, which manages the supplemental health insurance program ArmadaCare, to Ambac Financial Group Inc. for $250 million. The sale, first announced in September 2025, was finalized on October 31, 2025, after meeting customary closing conditions. The cash received is subject to certain deductions, including transaction expenses. This news was generated by Public Technologies and is for informational purposes only.
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