Ambac Financial Group, Inc. (AMBC)
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Ambac to Release Third Quarter 2021 Results on November 8, 2021
2021-10-18 16:35NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release third quarter 2021 results on November 8, 2021 following the close of the market. Conference Call On November 9, 2021 at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss third quarter 2021 results during a live conference call. A live audio webcast of
Everspan Insurance Company Acquires Providence Washington Insurance Company
2021-10-04 08:25NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that its subsidiary, Everspan Insurance Company (“EIC”), has completed the acquisition of Providence Washington Insurance Company (“PWIC”) from a subsidiary of Enstar Group Limited (NASDAQ: ESGR) (“Enstar”), effective October 1, 2021. The acquisition of PWIC will enhance the Everspan Group's (rated A- by AM Best) capabilities to launch new admitted programs, devel
Cover Whale Partners with Everspan on Commercial Trucking Program
2021-09-20 08:00NEW YORK, Sept. 20, 2021 /PRNewswire/ -- Cover Whale Insurance Solutions, Inc., an Insurtech focused on the commercial auto space, announces its partnership with Everspan Indemnity Insurance Company ("Everspan"), an excess and surplus lines insurer which is part of Everspan Group, a participatory fronting insurance group Rated A- (Excellent) by AM Best, to offer a Commercial Trucking Program.
Ambac Financial Group's (AMBC) CEO Claude LeBlanc on Q2 2021 Results - Earnings Call Transcript
2021-08-06 13:40Ambac Financial Group's (AMBC) CEO Claude LeBlanc on Q2 2021 Results - Earnings Call Transcript
Ambac Reports Second Quarter 2021 Results
2021-08-05 16:10NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG")), a financial services holding company, today reported a net loss attributable to common stockholders of $29 million or $0.63(1) per diluted share and adjusted loss(2) of $13 million or $0.30 per diluted share for the quarter ended June 30, 2021. This compares to net Income attributable to common stockholders of $17 million or $0.08 per diluted share and adjusted earnings of $41 million or $0.59 per diluted s
Ambac Appoints Lisa G. Iglesias to Its Board of Directors
2021-08-04 16:05NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (the “Company”) (NYSE: AMBC), a financial services holding company, announced the appointment of Lisa G. Iglesias as a member of its Board of Directors, effective today. Ms. Iglesias will be a member of the Board's Audit Committee. The Company also announced that Alexander D. Greene resigned from his position on the Board to pursue other opportunities. “We are pleased to welcome Lisa Iglesias to Ambac's Board of Directors. Lisa brings inval
Ambac Assurance Endorses Plans Providing for Consensual Resolution of its Puerto Rico Exposures
2021-07-27 23:49NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that its subsidiary, Ambac Assurance Corporation (“AAC”) executed a plan support agreement (the “PRIFA PSA”) that provides for a consensual settlement of its insured exposure to bonds issued by the Puerto Rico Infrastructure Financing Authority (“PRIFA”). AAC today also joined a plan support agreement (the “GO/PBA PSA”) related to general obligation (“GO”) bonds issued by t
Ambac to Release Second Quarter 2021 Results on August 5, 2021
2021-07-16 16:05NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release second quarter 2021 results on August 5, 2021 following the close of the market. Conference Call On August 5, 2021 at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss second quarter 2021 results during a live conference call. A live audio webcast of th
Ambac Closes Senior Secured Note Offering
2021-07-06 16:05NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today announced that its newly formed special purpose entity, Sitka Holdings, LLC (“Sitka” or the “Issuer”), has closed its previously announced offering of its LIBOR plus 4.50% Floating Rate Senior Secured Notes due 2026 (the “Senior Secured Notes”). The proceeds from this offering were used to fund a portion of the redemption in full of the Ambac LSNI, LLC (“Ambac LSNI”) LIBOR
Ambac Launches Senior Secured Note Offering to Refinance Existing Ambac LSNI Senior Secured Notes
2021-06-24 07:37NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today announced that its newly formed special purpose entity, Sitka Holdings, LLC (“Sitka” or the “Issuer””), has launched a private offering, to eligible purchasers, of senior secured notes due 2026 (the “Sitka Senior Secured Notes”). The Sitka Senior Secured Notes will be secured by all assets of Sitka, which include a secured note issued by Ambac Assurance Corporation (“AAC”)