“We are very pleased to add All Trans and Capacity Marine to our growing specialty P&C platform,” mentioned Claude LeBlanc (pictured above), Ambac CEO. “These acquisitions add roughly $60 million of premium positioned to our insurance coverage distribution division, Cirrata Group. Moreover, we’re happy so as to add Bob Lull and his confirmed management group to our rising group of Cirrata companions.
“By joining Ambac’s Cirrata Group, we are positioning our business for continued growth,” mentioned Robert Lull, chairman of All Trans and Capacity Marine. “Cirrata can give us access to a full suite of business services and resources that will support and enable future expansion.”
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“The All Trans team is excited to join Ambac’s Cirrata platform,” mentioned Matt Simnor, president and chief underwriting officer of All Trans. “Under Ambac’s ownership, we can continue to focus on expanding our robust operations in the brokerage of transportation-based insurance products while maintaining our prudent approach to underwriting.”
“The Ambac platform will provide Capacity Marine with the underlying support to continue doing what we do best – solving insurance and reinsurance challenges for our customers,” mentioned Walter Wynne, president of Capacity Marine.