March 23, 2018 11:38 AM ET


Company Overview of Ambac Assurance Corporation

Company Overview

Ambac Assurance Corporation operates as a guarantor of public finance and structured finance obligations. It provides financial guarantees to clients in the public and private sectors. The company also writes financial guarantees in Europe. Ambac Assurance Corporation was formerly known as AMBAC Indemnity Corporation and changed its name to Ambac Assurance Corporation in July 1997. The company was founded in 1970 and is based in New York, New York. Ambac Assurance Corporation operates as a subsidiary of Ambac Financial Group, Inc.

One State Street Plaza

New York, NY 10004

United States

Founded in 1970





Key Executives for Ambac Assurance Corporation

Chief Executive Officer, President and Director
Age: 51
Chief Financial Officer, Executive Vice President and Treasurer
Age: 45
Principal Accounting Officer, Senior Managing Director and Controller
Age: 50
Senior Managing Director and General Counsel
Age: 51
Senior MD & Chief of Staff
Compensation as of Fiscal Year 2017.

Ambac Assurance Corporation Key Developments

Ambac Assurance Corporation, Ambac Financial Group, Inc. - Special Call

To discuss a rehabilitation exit support agreement with a group of holders of beneficial interests in Deferred Amounts of the Segregated Account of AAC and AAC surplus notes due 2020 regarding a holistic restructuring transaction designed to facilitate the conclusion of the rehabilitation of the Segregated Account

Ambac Assurance Corporation Announces Board Changes

Ambac Financial Group Inc. announced the appointment of Claude LeBlanc as President and Chief Executive Officer of Ambac, effective as of January 1, 2017. Mr. LeBlanc, a seasoned financial services executive with more than 25 years of experience in structured finance, debt and equity capital markets, business restructuring and capital management, will also join the Ambac Board of Directors. He succeeds Nader Tavakoli, who has resigned from his roles as President and CEO and as a Director of Ambac, effective immediately, to pursue other opportunities. The company has entered into a separation agreement with Mr. Tavakoli, pursuant to which the term of his employment will end on December 31, 2016.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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