Ambac Financial Group, Inc.
Ambac Financial Group, Inc. operates as a holding company that financial guarantees and financial services to clients in both the public and private sectors around the world. Ambac Assurance Corp. is its principal operating subsidiary. It operates through two business segments: Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantees for public finance, structured finance and other obligations. The Financial Services segment provides investment agreements, funding conduits, interest rate, total return and currency swaps, principally to clients of the financial guarantee business, which includes municipalities and other public entities, health care organizations, investor-owned utilities and asset-backed issuers. The company was founded on April 29, 1991 and is headquartered in New York.