Ambac assurance corporation reports preliminary first quarter 2022 impact of recent material developments

New york--(business wire)--ambac financial group, inc. (nyse: ambc) (“ambac” or “afg”), a financial services holding company, announces that its subsidiary, ambac assurance corporation (“aac”), has provided updates regarding the implementation of the restructuring of a significant portion of its puerto rico exposure and the estimated impact of recent litigation developments on its representation and warranty (“r&w”) subrogation recoverable. these developments relate solely to aac, ambac's l
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