Ambac Assurance Appoints Independent Directors to Strengthen Board

Ambac Assurance Corporation Enhances Board with New Independent Directors

Jersey City, N.J., February 13, 2026 – Ambac Assurance Corporation, a key player in financial guarantees and insurance-focused asset management, has appointed Robert A. Kerzner and Linda Ventresca as Independent Directors. This strategic initiative enhances the Board's expertise in both the life and retirement markets, as well as the property and casualty sector.

Yadin Rozov, CEO of Ambac, stated, "Bob and Linda join us with vast industry knowledge and proven leadership in strategy, operations, and risk management. Their collective experience in life and property and casualty insurance strengthens our governance and supports our long-term initiatives."

Robert A. Kerzner, with a nearly five-decade tenure in life insurance and retirement sectors, currently leads Robert Kerzner LLC. He advises top-tier insurance companies, private equity firms, and executive teams on strategic governance and regulatory compliance requirements. His former roles include serving as President and CEO of LL Global and holding executive positions at The Hartford.

Linda Ventresca has extensive experience in property and casualty insurance, with a strong presence in U.S. and international insurance and reinsurance markets. She is a strategic advisor and director at Vivere Partners and Lancashire Holdings Limited. Her past roles at AXIS Capital include Head of Digital and Chief Strategy Officer, highlighting her expertise in payer-provider dynamics and underwriting.

Greg Share, Chairman of Ambac's Board and CEO of its affiliate Acorn Investment Partners, stated, "The addition of Bob and Linda provides invaluable perspectives for the continued execution of our strategy and the advancement of our capabilities."

About Ambac Assurance Corporation

Ambac Assurance Corporation offers financial guarantees globally, serving the public and private sectors with claims-paying resources reaching $2.6 billion as of September 30, 2025. The firm is owned by Oaktree Capital Management, L.P., and is committed to excellence in regulatory compliance and risk management.

For more information, media inquiries can be directed to David Barranco, President & Chief Risk Officer at Ambac, at 212-208-3281 or email dbarranco@ambaccorp.com.