SiriusPoint completes $250M sale of ArmadaCare to Ambac Financial Group

SiriusPoint Ltd

Sale of ArmadaCorp Capital (ArmadaCare) closed on Oct 31, 2025, for $250M cash.
Consideration subject to customary deductions; proceeds to Sirius Acquisitions Holding Company.
Transaction previously announced Sep 29, 2025; closing conditions satisfied.
ArmadaCare was SiriusPoint's wholly owned supplemental health insurance program manager.
Buyer is a subsidiary of Ambac Financial Group Inc. (ticker: AMBC).

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