In addition, BlackRock Inc. provided valuation support to Oaktree, underscoring the high-stakes nature of the transaction.
Strategic Shifts for Both Players
For Ambac, which now leans heavily into specialty property and casualty insurance, the divestiture allows a sharper focus on its role as a managing general agent (MGA)—an insurance intermediary with underwriting authority.
“This transaction enables us to focus exclusively on long-term growth and value creation,” said Claude LeBlanc, Ambac’s president and CEO.
Meanwhile, Oaktree, which oversees $209 billion in assets under management, views the acquisition as a bold step toward strengthening its presence in strategic financial services.
“The deal underscores our commitment to partnering with companies seeking successful transformations,” noted Greg Share, managing director of Oaktree’s global opportunities group.
Looking Ahead
With Ambac freed from its legacy obligations and Oaktree expanding its insurance footprint, the transaction represents more than a handoff—it’s a calculated pivot that signals how investment firms and insurers are rewriting their playbooks for future growth.
