Ambac Assurance Corporation

For the first time bondholders were offered an unconditional, irrevocable guarantee that principal and interest payments would be received in full and on time. Because of its financial strength, solid underwriting standards and management focus, Ambac Assurance has earned triple-A ratings from Moody's Investors Service, Inc. Standard & Poor's Ratings Services, Fitch, Inc. and Rating and Investment Information, Inc.

While remaining a leading insurer of bonds, Ambac has significantly grown its franchise and has successfully applied its triple-A rated guarantee to markets beyond traditional public finance. Ambac takes pride in its ability to customize financial guarantee packages to accommodate a broad range of clients and to get deals done quickly and efficiently. Consequently, the Company is now a leading provider of financial guarantees to the structured, asset-backed and mortgage-backed securities sectors. In addition, opportunities outside the U.S. are growing. Ambac works with clients in Europe, Australia, Japan and select markets in Latin America, putting the Ambac guarantee to work to meet financing needs.

Ambac Assurance Corporation (stock symbol ABK)
One State Street Plaza
New York, NY 10004
phone +1 212 668 0340

Executive Officers
Michael A. Callen
Sean T. Leonard
Douglas C. Renfield-Miller
John W. Uhlein III
Gregg L. Bienstock
Kevin J. Doyle
Thomas J. Gandolfo
William T. McKinnon
Robert G. Shoback
David W. Wallis

source: http://www.ambac.com

Das Unternehmen wurde 1971 in Milwaukee, Wisconsin als Tochterunternehmen von MGIC Investment Corporation. gegründet. 1982 erwirbt das Unternehmen Baldwin-United das Unternehmen MCIC und die dazugehörigen Tochterunternehmen, inklusive Ambac. 1985 erwirbt das Finanzunternehmen Citibank die Mehrheit an Ambac. 1991 erfolgt der Gang von Ambac an die Börse; die Citibank behält 1992 49% an Ambac. 2000 wird Ambac in den Finanzindex S&P 500 aufgenommen. Quelle Wikipedia