Ambac Financial Group, Inc. Provides Questions and Answers Addressing Recent Actions Taken by Wisconsin Regulator
02 Avril 2010 - 5:44PM
Business Wire
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) announced
today that it has provided “Questions and Answers” related to the
recent action taken by the Office of the Commissioner of Insurance
of the State of Wisconsin (OCI) with regard to the Segregated
Account of Ambac Assurance Corporation. Ambac Assurance Corporation
(AAC) is the principal operating insurance company of Ambac. The
Segregated Account is a separate insurer from AAC under Wisconsin
insurance law. The Q&A can be found on Ambac’s web site at
http://www.ambac.com/qanda.html. AAC policyholders should also be
aware that OCI has established a web site at
www.ambacpolicyholders.com that contains official filings,
background information and a Q&A for policyholders.
About Ambac
Ambac Financial Group, Inc., headquartered in New York City, is
a holding company whose affiliates provide financial guarantees and
financial services to clients in both the public and private
sectors around the world. Ambac's principal operating subsidiary,
Ambac Assurance Corporation, a guarantor of public finance and
structured finance obligations, has a Caa2 rating from Moody's
Investors Service, Inc. and an R (regulatory intervention)
financial strength rating from Standard & Poor's Ratings
Services. Ambac Financial Group, Inc. common stock is listed on the
New York Stock Exchange (ticker symbol ABK).
AMBAC (NYSE:ABK)
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