Ambac Assurance Corporation Appoints New Independent Directors to Board
Ambac Assurance Corporation Appoints New Independent Directors to Board
Ambac Assurance Corporation, headquartered in Jersey City, New Jersey, has announced the appointment of Robert A. Kerzner and Linda Ventresca as independent directors to its Board. This strategic move aims to bolster the board's expertise across life insurance, retirement, and property and casualty insurance sectors. These additions come as the company seeks to enhance its regulatory compliance requirements and risk management strategies.
Enhancing Board Expertise with Industry Veterans
Yadin Rozov, CEO of Ambac, expressed enthusiasm regarding these appointments, highlighting that Kerzner and Ventresca bring invaluable experience in strategy, operations, and risk management. He remarked, "Their industry insights will fortify our governance and assist in executing our long-term strategy." This alignment with regulatory and compliance frameworks will be crucial as Ambac continues to navigate complex insurance landscapes in 2023.
Robert Kerzner has nearly five decades in leadership roles within the life insurance and retirement markets. He currently leads Robert Kerzner LLC, offering strategic advice to major insurance entities and underwriting firms. His past roles include President and CEO of LL Global and senior positions at The Hartford, further enhancing his credentials in the payer and provider space.
Linda Ventresca adds significant expertise from the property and casualty insurance markets. She is a director at Vivere Partners and Lancashire Holdings Limited and previously served AXIS Capital in various strategic roles for over two decades. Her experience aligns with Ambac’s objectives to advance strategic initiatives and broaden its capabilities in claims and underwriting.
Strategic Growth and Robust Governance
Greg Share, Chairman of the Board at Ambac and CEO of Acorn Investment Partners, noted the significance of these appointments: "Their seasoned perspectives will be instrumental as we advance our strategic initiatives." As Ambac Assurance Corporation continues to serve global sectors with robust financial guarantees, the board's enhanced expertise will support ongoing operational and strategic goals.
Ambac, primarily owned by Oaktree Capital Management, L.P., possesses $2.6 billion in claims-paying resources as of September 2025, actively engaging in risk management and regulatory compliance. This positions Ambac to effectively manage future industry challenges and capitalize on emerging market opportunities.