Ambac Establishes Strategic Partnership with Embrace Partners, a Minority-Owned Specialty Insurance MGU and DE&I Platform

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Aug 23, 2022

Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced a strategic partnership via a minority ownership stake in Embrace Partners (“Embrace”), a tech-driven managing general underwriter (MGU) of specialty commercial insurance and surety. The Embrace platform also consists of a diversity, equity and inclusion (DE&I) consulting firm. Terms of the transaction were not disclosed.