Octave Specialty Group Emerges from Ambac Rebrand to Focus on MGAs
Octave Specialty Group, formerly Ambac Financial Group, rebrands and refocuses on specialty insurance and MGA acquisitions amid strong market growth.
Malibu Life Expands Into Annuities with TruSpire Acquisition and Sector Moves by Pacific Life and Lincoln Financial
Malibu Life Holdings acquires TruSpire Retirement Insurance, expanding into direct annuity issuance by mid-2026. Pacific Life settles IUL lawsuit and adds FIAs, while Lincoln Financial advances Rila platform development.
COVU Acquires California-based Leland Insurance Services
COVU, Inc. strengthens its position in the insurance sector with the acquisition of Leland Insurance Services, a California-based independent agency known for high client retention and carrier partnerships.
Ambac Financial Posts Q1 2025 P&C Revenue Growth Amid Specialty Segment Pressure
Ambac Financial Group reports 27% revenue growth and 70% premium increase in Q1 2025 P&C operations. Specialty segment faces underwriting challenges, while acquisition bolsters diversification and future growth potential.