SiriusPoint Sells ArmadaCare to Ambac for $250 Million
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.
A subsidiary of SiriusPoint Ltd. has completed the sale of all membership interests in ArmadaCorp Capital, LLC, the holding company of its supplemental health insurance program manager, ArmadaCare, to a subsidiary of Ambac Financial Group Inc. The transaction, first announced in September 2025, closed on October 31, 2025, after satisfying customary closing conditions. Under the terms of the agreement, SiriusPoint’s subsidiary received $250 million in cash, subject to certain deductions, including transaction expenses. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SiriusPoint Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-261760), on November 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
