Ambac Financial Group (AMBC) said Thursday its Beat Capital Partners unit entered into a partnership with Blair Bartlett, a former Crum & Forster executive, to launch 1889 Specialty Insurance Services.
1889 Specialty Insurance Services will offer management liability and professional lines insurance services to financial companies, including insurance providers, and asset managers.
Shares of Ambac Financial were down 2.2% in recent early trading.
Price: 8.12, Change: -0.18, Percent Change: -2.17