Affirm stock soars as Q1 earnings smash expectations, guidance lift
SiriusPoint Ltd. (NYSE:SPNT) announced Monday the completion of the sale of all issued and outstanding membership interests in ArmadaCorp Capital, LLC, the holding company for its supplemental health insurance program manager, ArmadaCare. The transaction was carried out by a SiriusPoint subsidiary and finalized on Friday following the satisfaction of customary closing conditions.
The buyer, a subsidiary of Ambac Financial Group Inc., acquired ArmadaCorp Capital, LLC under a Membership Interest Purchase Agreement dated September 29, 2025. SiriusPoint received cash consideration of $250 million, subject to certain deductions, including transaction expenses.
The sale was previously announced and is detailed in a statement released by the company and filed with the U.S. Securities and Exchange Commission.
SiriusPoint Ltd. is a Bermuda-based insurance company with its common shares and Series B preferred shares listed on the New York Stock Exchange under the symbols NYSE:SPNT and NYSE:SPNT PB, respectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.