Octave Specialty Group, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $208.1M
- Price
- $4.62
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 551.2K
About
Octave Specialty Group, Inc. functions as a financial services holding company, organizing its operations into two distinct divisions. Its Specialty Property and Casualty Insurance segment delivers specialized program insurance, primarily focusing on coverage for commercial and personal liability exposures. The second division, Insurance Distribution, offers a broad spectrum of services for distributing specialty property and casualty insurance, which includes roles such as managing general agents, underwriters, and insurance brokers, alongside other related distribution and underwriting ventures. Established in 1971, the company, with its corporate headquarters located in New York, New York, rebranded from its former name, Ambac Financial Group, Inc., to Octave Specialty Group, Inc. in November 2025.
Quick stats
Shares outstanding45.1M
Computed float41.7M
Float / shares92.6%
Cash runway (months)123.6
Key info
SectorFinancial Services
IndustryInsurance - Specialty
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000874501
Websitehttps://www.octavegroup.com
AI Summary
AI-generated1/13
minorbullishproduct launch
E&S MGA Pivix Launches Assault & Battery Program
Pivix Specialty Insurance Services, a majority-owned E&S managing general agent of Octave Specialty Group (NYSE: OSG), launched a monoline assault and battery program available nationwide on an E&S basis.
The program is backed by an A+ AM Best rated insurer, distributed exclusively through wholesale brokers, and offers $1 million per occurrence / $2 million aggregate limits targeting apartments, hotels, restaurants, bars, and retail accounts.
Management framed the launch as filling a shrinking coverage gap in the general liability market and another step in expanding the Pivix platform, founded in 2024; no financial impact figures were disclosed.