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Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG")), a financial services holding company, today reported a net loss attributable to common stockholders of $29 million or $0.63 (1) per diluted share and adjusted loss (2) of $13 million or $0.30 per diluted share for the...
Ambac Financial Group, Inc. (the “Company”) (NYSE: AMBC), a financial services holding company, announced the appointment of Lisa G. Iglesias as a member of its Board of Directors, effective today. Ms. Iglesias will be a member of the Board’s Audit Committee. The Co...
Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that its subsidiary, Ambac Assurance Corporation (“AAC”) executed a plan support agreement (the “PRIFA PSA”) that provides for a consensual settlement of its insur...
Conference Call Scheduled for August 6, 2021 Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release second quarter 2021 results on August 5, 2021 following the close of the market. Conference Call On...
Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today announced that its newly formed special purpose entity, Sitka Holdings, LLC (“Sitka” or the “Issuer”), has closed its previously announced offering of its LIBOR pl...
Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today announced that its newly formed special purpose entity, Sitka Holdings, LLC (“Sitka” or the “Issuer””), has launched a private offering, to eligible purchas...
Venbrook Partners with Everspan on a Non-Emergency Medical Transportation Program Cardigan General Auto Program Platform to Lead New NEMT Program PR Newswire WOODLAND HILLS, Calif. , June 14, 2021 /PRNewswire/ -- Venbrook Group, LLC ("Venbrook"), a holdings c...
On the conclusion of the 2021 Russell indexes annual reconstitution, the following financial and real-estate companies will join the Russell Microcap Index, effective June 28 after market opens.Financial stocks to be added to the Russell Microcap Index include: Ambac Financial Group (AMBC), A...
The "Tesla Test" looks for the rare combination of forensic scores that preceded a 40% drop in TSLA stock in a prior ad-hoc study forecasting many other stock declines since. This ongoing test of 22 adverse fundamental forensic and value ratios across four accounting algorithms resume...
The following slide deck was published by Ambac Financial Group, Inc. in conjunction with their 2021 Q1 earnings call. For further details see: Ambac Financial Group, Inc. 2021 Q1 - Results - Earnings Call Presentation
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Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, through its wholly-owned insurance distribution division, Cirrata Group, is partnering with industry veteran Penny Parisoff to establish a new managing general agency that will serve the h...
Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has signed a program manager agreement with Markel Service, Incorporated. Under the agreement, Xchange will underwrite medical stop loss coverage on behalf of an in...
Significant Progress in Strategic Initiatives Net income of $2 million and adjusted earnings of $14 million, including the impact of previously announced developments related to RMBS litigation and Puerto Rico Specialty P&C insurance production totaled $69 million,...