The timing aligns with a strong US specialty insurance market. The sector is projected to reach approximately $29 billion in North America in 2025, driven by demand for niche coverages including cyber, environmental liability, marine/aviation, and political risk. Specialty lines are outpacing standard property and casualty growth as clients face more complex exposures and seek tailored risk transfer solutions. Competitive capacity, digital innovation, and consolidation among brokers and MGAs are reshaping the distribution landscape, creating openings for agile, focused platforms like Octave.
Ambac Financial rebrands to Octave Specialty
