Ambac Financial Group, Inc. ("Ambac"), headquartered in New York City, is a financial services holding company. Ambac's subsidiaries include: Ambac Assurance Corporation and Ambac Assurance UK Limited, financial guarantee insurance companies currently in runoff; Everspan Indemnity Insurance Company and Everspan Insurance Company (d/b/a Everspan Financial Guarantee Corp. in certain jurisdictions), specialty property & casualty program insurers; and Xchange Benefits, LLC and Xchange Affinity Underwriting Agency, LLC, property & casualty Managing General Underwriters. Ambac’s common stock trades on the New York Stock Exchange under the symbol "AMBC".

Our People

Because our people create Ambac's success, we offer attractive compensation and competitive benefit packages. We seek out talented individuals with a diversity of backgrounds and skills, ready to contribute and take responsibility for their efforts. The passion for excellence and innovation that motivates the Ambac team ensures an exciting future for our company. Some of the benefits available to our employees include:

  • Savings Incentive Plan - 401(k)
    • Employer match 100% vested
  • Health Care: Medical, Dental, Vision and Prescription
  • Flexible Spending Accounts & Health Savings Account
  • Life Insurance (Basic and Supplemental)
  • Accidental Death & Dismemberment (Core and Supplemental)
  • Long-Term Disability
  • Short-Term Disability (with Salary Continuation)
  • Tuition Reimbursement
  • Training and Development
  • Paid Family Leave
  • Employee Assistance Program
  • Health Club Membership Discount

Employee Development

Ambac's continued success requires bright minds and innovative thinkers. We encourage our people to continue their professional growth through training and development opportunities both inside and outside the company. Within Ambac, we continually offer instructor-led sessions on a diversified range of topics and issues integral to the various parts of our business as well as computer-based training opportunities. In addition, we partner with renowned external resources to provide continuing education opportunities. Our benefits package also includes a generous tuition reimbursement program for employees pursuing additional education relating to their Ambac responsibilities.

EEO Statement

Ambac is an equal opportunity employer and greatly values diversity and inclusion. We are committed to providing an environment that is business-like and free of discrimination or harassment on the basis of race, color, ethnicity, national origin, creed/religion, age, disability, medical condition, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity or gender expression, sexual orientation, marital status, alienage, citizenship status, military or veteran status or any other protected class under U.S. Federal, State or local law or the laws of any other country in which Ambac resides or does business. These protections extend to all management practices and decisions, including recruitment and hiring, appraisal systems, promotions, training and career development programs. Consistent with these obligations, Ambac also provides reasonable accommodations to employees and applicants with disabilities and for sincerely held religious beliefs, observances and practices.