shares of Ambac Financial Group Inc (AMBC) on
Ambac Financial Group, Inc. is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management, and other financial services. The company is headquartered in New York, New York and currently employs 112 full-time employees. The firm provides financial guarantees, which includes insurance policies and credit derivative contracts. The company provides financial guarantee insurance policies through its subsidiaries, including Ambac Assurance Corporation and Ambac Assurance UK Limited. The company provides a guarantee that protects the holder of a debt obligation against non-payment when due. Its subsidiaries include Ambac Assurance Corporation (Ambac Assurance), Everspan Financial Guarantee Corp. and Ambac Assurance UK Limited (Ambac UK). Insurance policies insured by Ambac Assurance and Ambac UK guarantee payment when due of the principal and interest on the obligations guaranteed. Ambac Assurance also has another financial guarantee subsidiary, Everspan Financial Guarantee Corp.