Multi-Office Team Advises Ambac Financial Group’s Purchase of Majority Stakes in Both All Trans Risk Solutions and Capacity Marine Corporation

A Locke Lord team led by Alan Levin (New York), Jeff Etherington (Stamford) and Katie Morin (Providence) advised Ambac Financial Group Inc., a financial services holding company, in the purchase of a majority stake in All Trans Risk Solutions, a full-service managing general underwriter specializing in commercial automobile insurance for specific “for-hire” auto classes. The transaction allows All Trans to expand operations in the brokerage of transportation-based insurance products.

The same team advised Ambac Financial Group in the purchase of a majority stake in Capacity Marine Corporation, a wholesale and retail brokerage and reinsurance intermediary specializing in marine and international risk. This acquisition provides Capacity Marine underlying support to continue solving insurance and reinsurance challenges.

For more information on these two transactions, see the press release. Additional assistance was provided by Theodore Augustinos (Hartford), John Emmanuel, William Foley, Daniel Barry (all of New York), Lori Basilico, Eugene McDermott, Jeffrey Kennedy (all of Providence), Paul Nason, Robin Shaughnessy, Aaron Nava (all of Dallas), Christopher Flanagan, Glenn Pudelka, Gene Schlack (all of Boston), Ken Suh, Jeff Bohn (both of Chicago) and Jeffrey Wallace (Houston).
Posted December 7, 2022