Ambac Financial Group, Inc. (AMBC)

14.67 -0.22 (-1.48%) At close: 04:00PM EDT

Ambac Financial Group, Inc.

One World Trade Center
41st Floor
New York, NY 10007
United States
212 658 7470
https://www.ambac.com

Sector(s): Financial Services
Industry: Insurance - Specialty
Full-time employees: 178

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Claude L. LeBlanc	President, CEO & Director	2.79M	N/A	1965
Mr. David Trick	Executive VP, CFO & Treasurer	1.46M	N/A	1971
Mr. Stephen Michael Ksenak	Senior MD & General Counsel	1.28M	N/A	1966
Mr. David Peter Barranco	Senior MD & Head of Risk Management	1.22M	N/A	1971
Ms. Rhonta Sharon Smith	Executive VP & Chief Strategy Officer	1.23M	N/A	1971
Mr. Daniel Matthew McGinnis	Senior MD & COO	N/A	N/A	1972
Mr. Robert Bryan Eisman	Senior MD, Chief Accounting Officer & Controller	894.25k	N/A	1967
Mr. Charles Joseph Sebaski	MD & Head of Investor Relation	N/A	N/A	N/A
Kate Smith	Director of Corporate Communications	N/A	N/A	N/A
Mr. Miguel Antonio Sanchez	Managing Director of Ambac UK & Europe	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Ambac Financial Group, Inc. operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks. The Insurance Distribution business includes the specialty property and casualty insurance distribution business, which includes managing general agents and underwriters, insurance wholesalers, brokers, and other distribution businesses. The LFG Insurance business offers financial guarantee insurance policies that provide an unconditional and irrevocable guarantee, which protects the holder of a debt obligation against non-payment when due of the principal and interest on the obligations guaranteed. Ambac Financial Group, Inc. was incorporated in 1991 and is headquartered in New York, New York.

Corporate governance

Ambac Financial Group, Inc.’s ISS governance QualityScore as of 1 May 2024 is 5. The pillar scores are Audit: 7; Board: 2; Shareholder rights: 1; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.