{"id":727172,"date":"2023-01-31T08:35:28","date_gmt":"2023-01-31T13:35:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ambac-names-john-tatum-business-development-officer-for-cirrata-group\/"},"modified":"2023-01-31T08:35:28","modified_gmt":"2023-01-31T13:35:28","slug":"ambac-names-john-tatum-business-development-officer-for-cirrata-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ambac-names-john-tatum-business-development-officer-for-cirrata-group\/","title":{"rendered":"Ambac Names John Tatum Business Development Officer for Cirrata Group"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Ambac Names John Tatum Business Development Officer for Cirrata Group<\/b><\/p>\n<p class=\"bwalignc\"><i>Newly created position established to expand Ambac\u2019s insurance distribution division<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAmbac 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\u2019s platform of managing general agencies (MGAs) and managing general underwriters (MGUs). He also will launch Cirrata\u2019s second de novo MGA, which will focus on the construction industry. Tatum will report to R. Sharon Smith, Chief of Staff.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230131005341\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230131005341\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230131005341\/en\/1700215\/4\/John_Tatum_2023.jpg\" alt=\"John Tatum (pictured) joined Ambac as a Managing Director and Business Development Officer for its insurance distribution platform, Cirrata Group. (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">John Tatum (pictured) joined Ambac as a Managing Director and Business Development Officer for its insurance distribution platform, Cirrata Group. (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nCirrata Group currently includes four MGAs\/MGUs, three of which were added in 2022.\n<\/p>\n<p>\n\u201cAmbac\u2019s vision is to build a leading specialty property and casualty insurance platform, and expanding Cirrata Group is a critical component of that,\u201d Smith said. \u201cJohn\u2019s 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.\u201d\n<\/p>\n<p>\nTatum, 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\u2019s Middle Market, Construction and Large Casualty Business Units. As part of his responsibilities, he led CNA&#8217;s Commercial Affiliation Marketing Programs for more than 10 years.\n<\/p>\n<p>\nTatum earned a bachelor\u2019s 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.\n<\/p>\n<p><b>About Ambac<\/b><\/p>\n<p>\nAmbac Financial Group, Inc. (\u201cAmbac\u201d or \u201cAFG\u201d) is a financial services holding company headquartered in New York City. Ambac\u2019s core business is a growing specialty P&amp;C distribution and underwriting platform. Ambac also has a legacy financial guaranty business in runoff. Ambac\u2019s common stock trades on the New York Stock Exchange under the symbol \u201cAMBC\u201d. 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ambac.com&amp;esheet=53294071&amp;newsitemid=20230131005341&amp;lan=en-US&amp;anchor=www.ambac.com&amp;index=1&amp;md5=cf4573174f2bab21c42fd0311f43195f\">www.ambac.com<\/a>.\n<\/p>\n<p>\nSource: Ambac Financial Group, Inc.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230131005341r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230131005341\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230131005341\/en\/<\/a><\/span><\/p>\n<p>\nInvestors:<br \/>\n<br \/>Charles Sebaski<br \/>\n<br \/>Managing Director, Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:csebaski@ambac.com\">csebaski@ambac.com<\/a><\/p>\n<p>\nMedia:<br \/>\n<br \/>Kate Smith<br \/>\n<br \/>Director, Corporate Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ksmith@ambac.com\">ksmith@ambac.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230131005341\/en\/237438\/3\/ABK_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230131005341\/en\/1700215\/3\/John_Tatum_2023.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">John Tatum (pictured) joined Ambac as a Managing Director and Business Development Officer for its insurance distribution platform, Cirrata Group. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ambac Names John Tatum Business Development Officer for Cirrata Group Newly created position established to expand Ambac\u2019s insurance distribution division NEW YORK&#8211;(BUSINESS WIRE)&#8211; 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\u2019s platform of managing general agencies (MGAs) and managing general underwriters (MGUs). He also will launch Cirrata\u2019s second de novo MGA, which will focus on the construction industry. Tatum will report to R. Sharon Smith, Chief of Staff. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230131005341\/en\/ John Tatum (pictured) joined Ambac as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ambac-names-john-tatum-business-development-officer-for-cirrata-group\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ambac Names John Tatum Business Development Officer for Cirrata Group&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-727172","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ambac Names John Tatum Business Development Officer for Cirrata Group - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ambac-names-john-tatum-business-development-officer-for-cirrata-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ambac Names John Tatum Business Development Officer for Cirrata Group - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ambac Names John Tatum Business Development Officer for Cirrata Group Newly created position established to expand Ambac\u2019s insurance distribution division NEW YORK&#8211;(BUSINESS WIRE)&#8211; 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\u2019s platform of managing general agencies (MGAs) and managing general underwriters (MGUs). He also will launch Cirrata\u2019s second de novo MGA, which will focus on the construction industry. Tatum will report to R. Sharon Smith, Chief of Staff. This press release features multimedia. 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