Ambac Names Naveen Anand President of Cirrata Group

The newly created position was established to expand Ambac’s insurance distribution division.

(Naveen Anand, President, Cirrata Group. Source: Ambac Financial Group.)

Ambac Financial Group (New York), a financial services holding company, has announced the appointment of Naveen Anand as President of Cirrata Group, Ambac’s insurance distribution division. Anand, the former Group President of Players Health, will be responsible for expanding Cirrata Group and building its profile in the specialty property and casualty insurance market. This is a newly created position reporting to Claude LeBlanc, President and CEO, Ambac.

Claude LeBlanc, President and CEO, Ambac.

“Naveen is a seasoned P&C executive with extensive specialty lines expertise and strong industry relationships, making him an ideal choice for President of Cirrata,” comments LeBlanc. “We are excited to welcome him to the team.”

Anand, who is based in New York, has more than 30 years of experience in the insurance industry. For the past two years, he was Group President at Players Health. He also served as a member of the company’s Board of Directors. Prior to that, he spent six years as President and CEO of Hallmark Financial Services and four years as Torus Insurance’s CEO of Americas and Global Chief Operating Officer. Additionally, Anand spent seven years at CNA in roles of increasing responsibility. In his final three years there, he was President and Chief Underwriting Officer of Commercial Lines, where he was responsible for $3.3 billion of commercial lines business focused on Middle Markets, Excess Casualty, Large Property, Marine, Boiler & Machinery, International P&C, Risk Management Casualty and Engineering. Early in his career, Anand worked for Chubb in various commercial underwriting roles, including Vice President of Commercial Lines for the New York region.

Anand holds a bachelor’s degree in finance from Rider University and is a graduate of the Executive Education Program at the University of Pennsylvania’s Wharton School of Business.

The 3 Trends Rocking the P&C Insurance Industry in 2023



Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at or (503) 936-2803.

Leave a Comment