SiriusPoint sells MGA Armada to Ambac for $250mn
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SiriusPoint sells MGA Armada to Ambac for $250mn

The company will continue its capacity partnership with the MGA until 2030.

By Olivia Royle
September 29, 2025
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SiriusPoint has agreed to sell health insurance program manager Armada to Ambac for $250mn.

In April, this publication revealed that the Bermuda carrier was in talks to sell the MGA with a projected value of $200mn-$250mn.

SiriusPoint

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News M&A SiriusPoint Specialty lines Insurers InsurTech MGAs/MGUs North America Bermuda
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