Ambac Names John Tatum Business Development Officer for Cirrata Group
January 31 2023 - 8:30AM
Business Wire
Newly created position established to expand
Ambac’s insurance distribution division
Ambac Financial Group (NYSE: AMBC), a financial services holding
company, today announced the appointment of John Tatum as a
Managing Director and Business Development Officer for its
insurance distribution division, Cirrata Group. In this position,
he will be responsible for expanding the company’s platform of
managing general agencies (MGAs) and managing general underwriters
(MGUs). He also will launch Cirrata’s second de novo MGA, which
will focus on the construction industry. Tatum will report to R.
Sharon Smith, Chief of Staff.
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John Tatum (pictured) joined Ambac as a
Managing Director and Business Development Officer for its
insurance distribution platform, Cirrata Group. (Photo: Business
Wire)
Cirrata Group currently includes four MGAs/MGUs, three of which
were added in 2022.
“Ambac’s vision is to build a leading specialty property and
casualty insurance platform, and expanding Cirrata Group is a
critical component of that,” Smith said. “John’s appointment to
this newly created position will enable us to further accelerate
the growth of Cirrata. John has a wealth of program insurance
knowledge and extensive industry relationships, which make him
ideal for the role.”
Tatum, who is based in Chicago, has more than 25 years of
experience in the insurance industry. For the past six years, he
was Executive Vice President and Head of U.S. Programs for AXIS,
where he was responsible for all programs and binding authorities
for AXIS Insurance across the U.S. market. Prior to that, he spent
15 years at CNA Financial Corporation, rising to Senior Vice
President of CNA’s Middle Market, Construction and Large Casualty
Business Units. As part of his responsibilities, he led CNA's
Commercial Affiliation Marketing Programs for more than 10
years.
Tatum earned a bachelor’s degree in economics from Princeton
University and a Master of Business Administration from Cornell
University. He also completed the Insurance Executive Development
Program at the Wharton School of the University of
Pennsylvania.
About Ambac
Ambac Financial Group, Inc. (“Ambac” or “AFG”) is a financial
services holding company headquartered in New York City. Ambac’s
core business is a growing specialty P&C distribution and
underwriting platform. Ambac also has a legacy financial guaranty
business in runoff. Ambac’s common stock trades on the New York
Stock Exchange under the symbol “AMBC”. Ambac is committed to
providing timely and accurate information to the investing public,
consistent with our legal and regulatory obligations. To that end,
we use our website to convey information about our businesses,
including the anticipated release of quarterly financial results,
quarterly financial, statistical and business-related information.
For more information, please go to www.ambac.com.
Source: Ambac Financial Group, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20230131005341/en/
Investors: Charles Sebaski Managing Director, Investor Relations
csebaski@ambac.com
Media: Kate Smith Director, Corporate Communications
ksmith@ambac.com
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