#United States #Jersey City #Ambac Assurance #Robert Kerzner #Linda Ventresca

Ambac Assurance Expands Its Board of Directors

In a significant move that underscores its commitment to effective governance, Ambac Assurance Corporation has welcomed Robert A. Kerzner and Linda Ventresca as independent directors to its Board of Directors. As an insurance company that manages a portfolio of financial guarantees and complex liabilities, Ambac's decision to expand its board signifies its dedication to incorporating comprehensive insurance industry knowledge into its strategic leadership.

Enhancing Expertise in the Insurance Sector

Ambac Assurance Corporation, along with its subsidiaries and affiliates, provides strategic management in the realms of financial guarantees and asset management. The appointment of Kerzner and Ventresca enriches the board with their combined decades of experience in the insurance sector, particularly within the life, retirement, and property casualty markets.

Yadin Rozov, the Chief Executive Officer of Ambac, expressed enthusiasm regarding the new appointments, stating, "We are delighted to welcome Bob and Linda to the Board. They bring significant industry expertise and proven leadership in strategy, operations, and risk management. Their expertise will play a crucial role in strengthening our governance as we focus on long-term value creation."

Profiles of the New Directors

Robert A. Kerzner boasts nearly five decades of experience in the life insurance and retirement industries. Currently the Principal of Robert Kerzner LLC, he specializes in advising major insurance organizations and private equity firms on governance and strategy. Previously, he held significant leadership roles including notably the President and CEO of LL Global, the overarching body for LIMRA and LOMA, and served at The Hartford in various senior executive capacities.

On the other hand, Linda Ventresca brings with her a wealth of expertise in property and casualty insurance. With an expansive career that spans across both U.S. and global insurance markets, her strategic advisory roles have greatly influenced management teams within the sector. Ventresca currently serves as a director for Vivere Partners and Lancashire Holdings Limited and has a rich history of senior leadership at AXIS Capital, where she led digital initiatives and transformation strategies.

A Vision for the Future

The board chairman, Greg Share, also expressed confidence in the newly appointed directors, calling them "highly respected leaders in the insurance industry." He noted that their insights will be pivotal as Ambac continues to execute its strategic plans and enhance its operational capabilities.

Ambac Assurance Corporation is a pivotal player in the global financial guarantees market, supporting diverse sectors and holding substantial claims-paying resources, estimated at $2.6 billion as of September 30, 2025. Owned by Oaktree Capital Management, Ambac continues to navigate the complexities of financial management while expanding its governance with top-tier expertise. The addition of Kerzner and Ventresca positions Ambac to tackle future challenges and seize opportunities within the rapidly evolving insurance landscape.

For stakeholders and observers of the insurance industry, these appointments signal Ambac's strategic emphasis on enhancing governance and performance through seasoned leadership. The company is poised to leverage this expertise as it moves forward in executing its long-term vision while fostering value for its clients and investors alike.