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Ambac Financial Group Inc

FGPN:BRN

Ambac Financial Group Inc

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About the company

Ambac Financial Group, Inc. is a financial services holding company. It operates three principal businesses: Legacy Financial Guarantee (LFG) Insurance, Specialty Property and Casualty Insurance, and Insurance Distribution. The LFG Insurance includes the activities of Ambac Assurance Corporation (AAC) and its wholly owned subsidiaries, including Ambac Assurance UK Limited (Ambac UK) and Ambac Financial Services LLC (AFS). The Specialty Property and Casualty Insurance includes five admitted carriers and an excess and surplus lines (E&S or no admitted) insurer, Everspan Indemnity Insurance Company (all carriers collectively, Everspan). The Insurance Distribution includes the specialty property and casualty (P&C) insurance distribution business, which includes managing general agents and underwriters (collectively MGA/Us), insurance wholesalers, brokers, and other distribution businesses, which includes Xchange Benefits, LLC, a P&C MGA specializing in accident and health products.

  • Revenue in USD (TTM)353.00m
  • Net income in USD74.00m
  • Incorporated1991
  • Employees178.00
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status		AMBC:NYQ since
announced		Transaction
value
HICL Infrastructure Co Ltd-Tameside General Hospital PFI ProjectDeal completed04 Nov 202404 Nov 2024Deal completed1.78%--
Data delayed at least 15 minutes, as of Nov 09 2024.
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