AMBC News and Press, Ambac Financial Group Inc. From 02/12/21

Conference Call Scheduled for March 2, 2021 Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release fourth quarter 2020 results on March 1, 2021 following the close of the market. Conference Call ...

At Gator Capital Management, we are dedicated to the management of concentrated investment portfolios consisting of companies with proven profitability and dominant franchises. For the 4th quarter of 2020, the Fund outperformed both the Financials sector benchmark and the overall mark...

Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac’), a financial services holding company, today announced that it has launched Everspan Group, a specialty, participatory fronting program insurance business. Earlier today, A.M. Best issued a Financial Strength Rating ( ...

Ambac Financial (AMBC) acquires 100% of the outstanding obligations of Corolla Trust, a move that will reduce subsidiary Ambac Assurance Corp.'s ("AAC") nominal debt and accrued interest outstanding by ~$73M.In exchange AAC issues 5.1% senior surplus notes, or SSNs.Corolla Trust was formed in...

Reduces Nominal Debt and Accrued Interest Outstanding by Approximately $73 Million Ambac Financial Group, Inc. (NYSE:AMBC) (“Ambac”), a financial services holding company, today announced that its subsidiary, Ambac Assurance Corporation (“AAC”), s...

Ambac (AMBC) files an appeal of a court decision that dismissed Ambac's fraud claim against Countrywide Home Loans, which is now part of Bank of America (BAC).AMBC falls 0.5% in after-hours trading.The trial court issued the decision on Dec. 4 and Ambac filed the appeal on Dec. 17, ...

NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) -- Stonybrook Capital (“Stonybrook”) is pleased to announce that it has advised Xchange Group, LLC in the sale of 80% of the membership interests of each of Xchange Benefits, LLC and Xchange Affinity Underwriting Agency, LLC (collective...

Ambac Financial Group (AMBC) agrees to acquire 80% of the membership interests of Xchange Group, a property and casualty managing general underwriter that specializes in accident and health insurance, in a deal that AMBC expects to be immediately accretive.The deal also "furthers Ambac&#...

Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac’), a financial services holding company, today announced, consistent with its platform diversification strategy, that it has entered into an agreement to acquire 80% of the membership interests of each of Xchange Benefits, L...

Gainers: Ambac Financial Group (AMBC) +13%. Opes Acquisition (OPES) +12%. NexPoint Real Estate Finance (NREF) +11%. Banco Santander (BSBR) +10%.Losers: Ashford Hospitality Trust (AHT) -16%. RMG Acquisition (RMG) -10%. GigCapital3 (GIK) -9%. Social Capital Hedosophia Holdings (IPOB) -9%. For...