Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners August 2, 2024 Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for...
Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker November 9, 2022 Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk...
New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities September 8, 2022 By Jody Godoy Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities...
Ambac Financial Launches Specialty Insurance Group Everspan February 10, 2021 Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing...
Puerto Rico Bond Insurers’ Stocks Fall After ’60 Minutes’ Episode on Hurricane Maria November 7, 2017 By Stephanie Kelly Shares of three major bond insurance firms with exposure to Puerto Rico fell on Monday after a “60 Minutes” episode...
Bankruptcy Would Be ‘Huge Mistake’ for Puerto Rico, Says Bond Insurer February 12, 2016 By Michelle Kaske and Alexander Lopez The question of whether bankruptcy is a good option for Puerto Rico came to a head at an investor conference...