NEWS
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.
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