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Press Releases

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May 01, 2013
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Ambac Emerges from Bankruptcy NEW YORK, May 1, 2013 - Ambac Financial Group, Inc. (“Ambac” or the “Company”) announced today the effectiveness of its Second Modified Fifth Amended Plan of Reorganization (the “Plan”), which marks the completion of its financial restructuring and Ambac’s emergence
Apr 29, 2013
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Ambac Positioned to Emerge From Bankruptcy NEW YORK, April 29, 2013 - Ambac Financial Group, Inc. (“Ambac”) announced today that the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) approved a settlement with the United States of America (“United
Apr 18, 2013
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Ambac Announces Insurance Commissioner Disapproves Interest Payment on Surplus Notes NEW YORK, April 18, 2013 -- Ambac Assurance Corporation (“Ambac Assurance”) today announced that the Commissioner of Insurance of the State of Wisconsin has disapproved the requests of Ambac Assurance and the
Apr 08, 2013
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Ambac Agrees to Terms of IRS Settlement NEW YORK --(BUSINESS WIRE)--Apr. 8, 2013-- Ambac Financial Group, Inc. (“Ambac”) has reached an agreement with the United States of America with respect to the terms of a settlement (the “IRS Settlement”) that will bring resolution to claims (the “IRS
Mar 27, 2013
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Ambac Reminds Investors That Its Common Stock Will Be Cancelled upon Emergence from Bankruptcy NEW YORK --(BUSINESS WIRE)--Mar. 27, 2013-- Ambac Financial Group, Inc. (“Ambac”) (ticker symbol: ABKFQ) seeks to remind investors, as previously reported, including on page 4 and elsewhere in Ambac’s
Mar 07, 2013
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Ambac Receives Consent to Extend Period to Satisfy Condition to the Effectiveness of the Reorganization Plan NEW YORK --(BUSINESS WIRE)--Mar. 7, 2013-- Ambac Financial Group, Inc. (“Ambac”) has received consent from the United States Department of Justice on behalf of the Internal Revenue Service
Feb 28, 2013
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Ambac Financial Group, Inc. Announces Fourth Quarter 2012 Results NEW YORK --(BUSINESS WIRE)--Feb. 28, 2013-- Ambac Financial Group, Inc. (“Ambac”) today announced a fourth quarter 2012 net profit of $143.6 million , or a net profit of $0.47 per share.
Dec 28, 2012
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Ambac Announces Information about Congressional Joint Committee Review NEW YORK --(BUSINESS WIRE)--Dec. 28, 2012-- Ambac Financial Group, Inc. (“Ambac”) has been informed that the Congressional Joint Committee on Taxation (the “Joint Committee”) has completed its review of the offer (the “Offer”)
Nov 28, 2012
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Ambac Restores Telephone System NEW YORK --(BUSINESS WIRE)--Nov. 28, 2012-- Ambac Financial Group, Inc. and Ambac Assurance Corporation (the “Companies”) have restored the telephone system at their headquarters in New York City . Telephone inquiries may be made directly to staff at their respective
Nov 20, 2012
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Ambac to Reopen New York City Headquarters KINGSTON, N.Y. --(BUSINESS WIRE)--Nov. 20, 2012-- Ambac Financial Group, Inc. and Ambac Assurance Corporation , (the “Companies”), will reopen their headquarters at One State Street Plaza , New York, New York on Monday, November 26, 2012 .
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