Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners to Strengthen Specialty Insurance Platform
Acquiring Company
Ambac Financial Group
Acquired Company
Beat Capital Partners Limited
New York
LondonFinancial ServicesFinanceInsuranceVenture CapitalDescription
Ambac Financial Group, Inc. (“Ambac”) has signed a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited (“Beat”), a London-based insurance underwriting and managing general agency (MGA) incubation platform, for approximately $282 million. This acquisition significantly accelerates Ambac's progress towards its financial targets, strengthening its specialty property and casualty insurance platform to generate in excess of $1.4 billion in gross written premiums on a combined full-year 2024 pro forma basis.
Quick answer
Ambac Financial Group is acquiring Beat Capital Partners Limited, announced June 5, 2024. Ambac Financial Group is based in New York, New York, United States.
- How much did Ambac Financial Group pay for Beat Capital Partners Limited?
- The deal value was not disclosed.
- What does Ambac Financial Group do?
- Ambac Financial Group, Inc. (“Ambac”) is an insurance holding company with a strong presence in the specialty property and casualty insurance market.
- Where are Ambac Financial Group and Beat Capital Partners Limited based?
- Ambac Financial Group is based in New York, New York, United States. Beat Capital Partners Limited is based in London, England, United Kingdom.
- Who are the decision-makers at Ambac Financial Group?
- Fundz holds 1 contact at Ambac Financial Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Beat Capital Partners Limited?
Beat Capital Partners Limited was acquired by Ambac Financial Group, based in New York. The deal was reported on June 5, 2024. Ambac Financial Group, Inc. (“Ambac”) is an insurance holding company with a strong presence in the specialty property and casualty insurance market. Ambac Financial Group is privately held and operates in Financial Services.
When did Ambac Financial Group acquire Beat Capital Partners Limited?
Ambac Financial Group's acquisition of Beat Capital Partners Limited was reported on June 5, 2024. Ambac Financial Group, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Beat Capital Partners Limited do?
Beat Capital Partners is a London-based insurance underwriting and managing general agency (MGA) incubation platform. Beat has a strong reputation, proven leadership team, and expertise in MGA, offering a platform for MGAs and underwriting franchises. It is privately held, operating in Venture Capital, and is based in London.
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