Ambac Financial Group (NYSE:AMBC) is a leading provider of financial guarantee insurance and credit enhancement products for public finance, structured finance and specialty markets. Headquartered in New York City, Ambac operates through its subsidiaries to offer insurance and reinsurance coverage that protects bondholders and investors from credit risk associated with municipal bonds, asset-backed securities and other structured finance instruments.
The company’s core services include wrapping and guaranteeing senior and subordinated notes, letters of credit and surety bonds. By leveraging its experienced underwriting capabilities and deep sector insights, Ambac tailors solutions for issuers in sectors such as public utilities, transportation, healthcare, and education. Its structured finance offerings encompass commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs) and other asset-backed transactions, where Ambac’s guarantee can enhance credit ratings and broaden access to capital markets.
Ambac operates globally, serving clients across the United States, Europe and Latin America. Following its comprehensive restructuring in the wake of the 2008 financial crisis, the company streamlined operations and strengthened its balance sheet. This repositioning has enabled Ambac to focus on risk-adjusted returns, selective underwriting and disciplined capital management while maintaining relationships with a diverse base of institutional investors and municipal issuers.
The company is led by Chief Executive Officer Craig H. LeClair, whose leadership team brings decades of experience in insurance, capital markets and structured finance. Supported by a board of directors with extensive governance and industry expertise, Ambac Financial Group continues to pursue growth opportunities through targeted credit enhancement programs and strategic partnerships, while adhering to rigorous risk management standards.
