Ambac Financial Group, Inc. (Pink Sheets: ABKF)
New York, NY 10004 (Map) Phone: 212-668-0340
Fax: 212-509-9190
Toll Free: 800-221-1854
http://www.ambac.com
Overview
Ambac Financial Group used to give an A+ to school bonds, until its own ratings fell to C's. Ambac Assurance, the holding company's primary subsidiary, sold financial guarantee insurance and other credit enhancement products for municipal bonds in the US market. However, the company has halted all new business and has placed its remaining business in "run-off" -- meaning it is only taking in premium payments and paying out claims as it is able. Already operating under "rehabilitation" by Wisconsin regulators, Ambac Financial filed for Chapter 11 bankruptcy in 2010.
Sample Overview & HistoryKey Numbers from Hoover's UK
Key financials for Ambac Financial Group, Inc. (Pink Sheets: ABKF)
| Company Type | Public (Pink Sheets: ABKF) |
|---|---|
| Fiscal Year-End | December |
| 2010 Sales (mil.) | £280.6 |
| 1-Year Sales Growth | (88.9%) |
| 2010 Net Income (mil.) | £486.9 |
| 2010 Employees | 243 |
| 1-Year Employee Growth | (17.1%) |
Key People from Hoover's UK
Key people and executives for Ambac Financial Group, Inc. (Pink Sheets: ABKF)
| President, CEO, and Director; Director, Ambac Assurance | Diana Adams (Subscribers see complete biographies -- view sample)
|
|---|---|
| Senior Managing Director and CFO | David Trick |
| Managing Director Investor and Media Relations | Michael Fitzgerald |
Significant Developments
View company events at Ambac Financial Group, Inc. (Pink Sheets: ABKF) such as IPOs, bankruptcies, or executive changes
| Event | Details |
|---|---|
| Top Executive Change | Subscribers get full details -- view a sample |
| Top Executive Change | |
| Exchange/Ticker Change |
Industry Information from Hoover's UK
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