Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, through its wholly-owned insurance distribution division, Cirrata Group, is partnering with industry veteran Penny Parisoff to establish a new managing general agency that will serve the health and human services industry. Parisoff will be president of the MGA, which will provide professional and general liability insurance for mental health facilities, youth-serving organizations and other human services operations.
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