OCTAVE SPECIALTY GROUP INC
Close on Oct 19, 2026
- Market cap
- $209.70M
- P/E (TTM)
- –
- Dividend yield
- –
About Octave Specialty
Surety Insurance, SIC 6351
Octave Specialty Group, Inc. is a financial services holding company operating in specialty property and casualty insurance underwriting and program distribution. The company organizes operations into two principal business segments: Insurance Distribution and Specialty Property and Casualty Insurance. The Insurance Distribution division includes managing general agents, managing general underwriters, and an insurance broker offering risk solutions across lines such as accident and health, specialty auto, property, surety, marine and energy, and professional liability. The Specialty Property and Casualty Insurance division operates program insurance carriers under the Everspan brand, underwriting commercial and personal liability risks sourced through managing general agents, program administrators, brokers, and reinsurers. Its clients include commercial businesses, private organizations, school bus operators, and individual policyholders.
The company operates five program insurance carriers across the United States within its Everspan group, including an excess and surplus lines carrier eligible in all U.S. states and territories, and maintains an international underwriting presence in London with access to two managed Lloyd's syndicates. Octave Specialty Group is headquartered in New York City.
Summary of the business section of Octave Specialty's latest annual report, written by StockData.
Company profile
Company
- Legal name
- OCTAVE SPECIALTY GROUP INC
- Founded
- 1991
- Headquarters
- New York, NY
- Address
- 40 Wall Street, 55th Floor 10005
- Phone
- (212) 658-7470
- Website
- www.ambac.com
- Employees
- 275, Dec 31, 2025
- Industry
- Surety Insurance
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, New York, NY
Stock & identifiers
- Ticker
- OSG
- Exchange
- NYSE
- IPO date
- May 1, 2013
- Shares outstanding
- 45M, Aug 4, 2026
- Public float
- $313.63M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 874501
- CUSIP
- 023139884
- ISIN
- US0231398845
- LEI
- 5493000UC0RBBNDHI717
- EIN
- 13-3621676
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Claude LeBlanc | Chief Executive Officer, Director | 1,087,011 |
| David Trick | Exec VP, CFO & Treasurer | 267,096 |
| R. Sharon Smith | Exec VP & Group COO | 156,326 |
| Cristina E. Ahn | Chief Accounting Officer | 632 |
| Lawrence F. Metz | *See Remarks for full title | – |
| Stephen Michael Ksenak | Sr. MD & General Counsel | 248,778 |
| Daniel McGinnis | Sr. MD & COO | 48,288 |
| David Barranco | Senior Managing Director | 128,604 |
| Robert Bryan Eisman | Sr. MD & CAO | 70,795 |
| Lisa G. Iglesias | Director | 82,327 |
| Michael D. Price | Director | 205,477 |
| Kristi Ann Matus | Director | 48,179 |
| Ian David Haft | Director | 131,921 |
| Jeffrey Scott Stein | Director | 217,807 |
| Joan M. Lammtennant | Director | 106,990 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Claude LeBlanc | $10.36M | $7.15M | $2.82M | $51 | $126 |
| FY2024 Claude LeBlanc | $6.34M | $1.79M | $2.04M | $59 | $150 |
| FY2023 Claude LeBlanc | $6.92M | $7.05M | $2.20M | $76 | $130 |
| FY2022 Claude LeBlanc | $6.19M | $9.87M | $2.06M | $81 | $105 |
| FY2021 Claude LeBlanc | $6.98M | $8.27M | $2.19M | $75 | $145 |
| FY2020 Claude LeBlanc | $6.01M | $2.78M | $1.99M | $71 | $131 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, Octave had 275 employees in the United States and Bermuda and 208 employees within the United Kingdom.”
Corporate history
Events identified from SEC filings