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Paul Hastings Advises SiriusPoint on Its $250 Million Agreement to Sell ArmadaCare MGA to Ambac Financial Group

September 29, 2025

Paul Hastings LLC advised SiriusPoint Ltd. (NYSE: SPNT) on its agreement to sell ArmadaCorp Capital LLC, the holding company of SiriusPoint’s wholly owned supplemental health insurance program manager, ArmadaCare, to a subsidiary of Ambac Financial Group Inc. for $250 million. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including receipt of regulatory approvals.  

New York insurance M&A partner Kirk Lipsey leads the Paul Hastings team, which also includes partners Robert Leung, Sanjiv Tata, Chad Vance, Dan Stellenberg, Sarah Gagan, Holly Snow and Dan Grossman; of counsel Rob Wilson and Catherine Kordestani; and associates Anna Hardcastle and Chris Warren.

More details can be found here.

About Paul Hastings
With widely recognized elite teams across 17 core practices, Paul Hastings is a premier law firm with a culture of excellence focused on providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers and corporations.

Practice Areas

Mergers and Acquisitions

Insurance and Reinsurance


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