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NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group (NYSE: AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corporation (“Ambac”), announced that on August 29, 2022, the Supreme Court of the State of New York issued a decision denying Countrywide’s motion for summary judgment in the case entitled Ambac Assurance Corporation and... read more →

DOWNLOAD NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced a strategic partnership via a minority ownership stake in Embrace Partners (“Embrace”), a tech-driven managing general underwriter (MGU) of specialty commercial insurance and surety. The Embrace platform also consists of a diversity, equity... read more →

DOWNLOAD Growth in Specialty P&C Production and Material De-Risking of the Legacy Financial Guarantee Portfolio Advances Ambac's Strategic Priorities Net income of $5 million and adjusted earnings of $13 million Specialty P&C Insurance Platform production totaled $65 million, up 168% from second quarter of 2021 Legacy Financial Guarantee Watch List... read more →

DOWNLOAD NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, through its wholly-owned insurance distribution division, Cirrata Group, is partnering with industry veteran Penny Parisoff to establish a new managing general agency that will serve the health and human services industry. Parisoff... read more →