Ambac Financial rebrands to Octave Specialty Group, to switch symbols

Ambac Financial (AMBC) announced it has rebranded to Octave Specialty Group. The company will begin trading under its new ticker symbol (OSG) on November 20. As part of the rebrand, the company’s holding entity will operate as Octave Specialty Group, with the entities comprising its insurance distribution division rebranded. Cirrata Group becomes Octave Partners, the company’s acquisition division. Beat Capital Partners becomes Octave Ventures, its incubation division. The company’s MGAs and its hybrid fronting carrier, Everspan Group, will continue to operate under their existing brands.