AMBAC Financial Group, Inc.

(redirected from AMBAC Indemnity Corporation)

AMBAC Financial Group, Inc.

A holding company whose subsidiaries provide guarantees and principal and interest payments on debt securities and some asset-backed securities. AMBAC's subsidiaries also provide other financial services, such as swaps and investment advice, mainly to state and local governments in the United States. It was founded in 1971 and is based in New York City.
References in periodicals archive ?
Beidler has also served as Vice President and Assistant General Counsel for Ambac Indemnity Corporation, where he held a similar role.
Although senior bond payments are guaranteed by AMBAC Indemnity Corporation (AMBAC), no credit was given to this guarantee, as Fitch has withdrawn the ratings on AMBAC.
Credit protection for the commercial paper notes is provided through surety bond agreements with Capital Markets Assurance Corporation (CapMAC) and AMBAC Indemnity Corporation (AMBAC).
Roseman's career in the financial guaranty industry began as a First Vice President with Ambac Indemnity Corporation.
The series 1996A senior bonds are also secured by a municipal bond insurance policy provided by AMBAC Indemnity Corporation, whose claims paying ability is rated 'AAA' by Fitch Investors Service.
The Company provides financial guarantee insurance through its principal operating subsidiary, AMBAC Indemnity Corporation (AMBAC Indemnity), which is a leading insurer of municipal and structured finance obligations.
The AAA (Triple-A) rating reflects the attachment of insurance provided by AMBAC Indemnity Corporation.
AFGI member firms are AMBAC Indemnity Corporation, Capital Guaranty Insurance Company, Capital Markets Assurance Corporation, Capital Reinsurance Company, Connie Lee Insurance Company, Enhance Reinsurance Company, Financial Guaranty Insurance Company, Financial Security Assurance Inc.
Payment of principal and interest on the Series 1994 D bonds are secured by the first mortgage bonds of Commonwealth Edison, and are further guaranteed by a bond insurance policy provided by AMBAC Indemnity Corporation.
AMBAC Indemnity Corporation Selected Statutory Data June 30, 1996 and December 31, 1995 (Dollars in Thousands, Except Ratios)
Payment of interest and principal on the bonds when due is insured by a municipal bond insurance policy issued by AMBAC Indemnity Corporation.
The company's principal operating subsidiary, AMBAC Indemnity Corporation, is a leading insurer of municipal and structured finance obligations.