Ambac assurance corporation rehabilitation

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Ambac Assurance still exploring ways to conclude rehabilitation

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Essential IR Insights Newsletter Fall - 2023

• 11 Jul, 2017 | 09:50

Ambac Assurance still exploring ways to conclude rehabilitation

• Author Maitree Christian
• Theme Insurance

Ambac Financial Group Inc. said Ambac Assurance Corp. continues to explore means that could satisfy the requirements for a durable conclusion of the rehabilitation of Ambac Assurance Corp. Segregated Account.

Ambac Financial expects to provide further updates on the matter during the week of July 17.

The terms, conditions and timing of a potential conclusion of the rehabilitation proceedings are in the sole discretion of the Wisconsin insurance commissioner, acting as the rehabilitator for the account, and subject to court approval, Ambac said.