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Press Releases

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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 .
Nov 14, 2012
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Ambac Financial Group, Inc. Announces Third Quarter 2012 Results NEW YORK --(BUSINESS WIRE)--Nov. 14, 2012-- Ambac Financial Group, Inc. (“Ambac”) today announced a third quarter 2012 net profit of $157.5 million , or a net profit of $0.52 per share. This compares to a third quarter 2011 net loss
Oct 30, 2012
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Ambac Relocates Headquarters to Disaster Recovery Site KINGSTON, N.Y. --(BUSINESS WIRE)--Oct. 30, 2012-- Ambac Financial Group, Inc. and Ambac Assurance Corporation , (the “Companies”), in response to the effects of Hurricane Sandy, have indefinitely closed their headquarters at One State Street
Aug 09, 2012
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Ambac Financial Group, Inc. Announces Second Quarter 2012 ResultsAmbac Financial Group, Inc. Announces Second Quarter 2012 Results NEW YORK --(BUSINESS WIRE)--Aug. 9, 2012-- Ambac Financial Group, Inc. (“Ambac”) today announced a second quarter 2012 net loss of $811.1 million , or a net loss of
Aug 02, 2012
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Rehabilitator Files Rules Governing Processing of Interim Cash Payments on Segregated Account Policy Claims NEW YORK --(BUSINESS WIRE)--Aug. 2, 2012-- Ambac Assurance Corporation (“Ambac Assurance”) today announced that, the Wisconsin Commissioner of Insurance, acting as the Rehabilitator of the
Jun 14, 2012
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Rehabilitation Court Approves IRS Offer NEW YORK --(BUSINESS WIRE)--Jun. 14, 2012-- Ambac Assurance Corporation (“Ambac Assurance”) today announced that, following a hearing held on June 13, 2012 , the Circuit Court for Dane County , Wisconsin (the “Rehabilitation Court”) approved a motion
Jun 12, 2012
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Ambac Exercises Surplus Note Call Options NEW YORK, June 12, 2012 -- Ambac Assurance Corporation (“Ambac Assurance”) today announced that it issued exercise notices relating to a call option on approximately $289 million of surplus notes. On June 5, 2012, Ambac Assurance issued exercise notices
Jun 05, 2012
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Rehabilitation Court Approves Insurance Commissioner’s Motions Relating to Interim Partial Claim Payments and Ambac’s Exercise of Surplus Note Call Options NEW YORK --(BUSINESS WIRE)--Jun. 5, 2012-- Ambac Assurance Corporation (“Ambac Assurance”) today announced that, following a hearing held on
May 23, 2012
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Wisconsin Insurance Commissioner Files Amended Motion Relating to Exercise of Surplus Note Call Options NEW YORK, May 23, 2012 -- Ambac Assurance Corporation (“Ambac Assurance”) today announced that the Wisconsin Commissioner of Insurance, acting in his capacity as the Rehabilitator of the
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