Business Overview

Ambac Financial Group, Inc. is a financial services holding company whose principal subsidiaries, Ambac Assurance Corporation and Ambac Assurance UK Limited, are financial guarantee insurance companies currently in run-off that have not written any new business since 2007. Our corporate initiatives are governed by our corporate Mission, Vision and Values.

Mission

  • Optimize our business and its components to achieve maximum return for shareholders
  • Aggressively pursue financially sound strategies to reduce risk and decrease the size of the insured portfolio

Vision

  • Transition to a growth-oriented platform sufficiently capitalized to support businesses that are synergistic with Ambac’s core competencies

Values

  • Culture of respect, inclusion, collaboration and transparency
  • Attract, retain, and reward top performers who meet standards of excellence, integrity, and collaboration

Our primary focus is on risk reduction, loss mitigation and asset recoveries with risk management playing a key role in our operations.

Ambac's Risk Management Group is primarily responsible for the development, implementation and oversight of loss mitigation strategies, surveillance and remediation of our insured portfolio. We continue to aggressively pursue and execute on various strategies to stabilize our insurance platform in order to reduce and mitigate potential adverse development, preserving future optionality and opportunities. Strategies implemented include commutations, risk transfers through reinsurance and proactive facilitation of refinancings, and policy terminations.

As we look to expand our operations by exploring opportunities involving the acquisition and/or development of new businesses, risk versus reward remains at the forefront of our decision-making process, including Sustainability and Corporate Responsibility.