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Ambac Financial Group gives an A+ to those school bonds. Ambac Assurance, the holding company's primary subsidiary, sells financial guarantee insurance and other credit enhancement products for municipal bonds in the US market. In the international market the company insures high-quality infrastructure, structured finance, and utility finance transactions. Its financial services segment, through Ambac Financial Services, offers investment contracts, interest rate swaps, credit swaps, and investment management primarily to states and municipal authorities in connection with their bond financing.
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Address: |
1 State Street Plaza
New York, NY 10004
| | Phone: | 212-668-0340 | | Fax: | 212-509-9190 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | (-2753.50 M) | | Employees (2008): | 328 | | Employee Growth (1 yr): | (-10.60%) |
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Key People
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Chairman:
Michael A. (Mike) Callen
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President, CEO, and Director:
David W. Wallis
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SVP and CFO:
Sean T. Leonard
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