Ambac Reviews

12 Reviews
2.4
12 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Diana Adams
3 Ratings
  1.  

    Working at Ambac was a great experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Frist Vice President in New York, NY
    Former Employee - Frist Vice President in New York, NY

    I worked at Ambac

    Pros

    At Ambac you worked with top quality people in a friendly environoment.

    Cons

    Unfortunately, the entire industry was destroyed during the latest financial crisis.

    Advice to ManagementAdvice

    Expect the unexpected.

    Recommends

Ambac Interviews

Interview Experience

Interview Experience

33%
66%
0%

Getting an Interview

Getting an Interview

33%
33%
33%

Interview Difficulty

3.0
Average

Interview Difficulty

Hard

Average

Easy
  1.  

    Vice President Interview

    Anonymous Interview Candidate in New York, NY
    Anonymous Interview Candidate in New York, NY
    Application Details

    I applied through a recruiter. The process took 3+ weeksinterviewed at Ambac.

    Interview Details

    one initial phone interview with recruiter, phone interview with HR, interview with HR, interview with hiring manager

    Interview Questions
    Negotiation Details
    Vacation, salary, bonus are all negotiable
    Accepted Offer
    Neutral Experience

Ambac Awards & Accolades

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Additional Info

Unlock Profile
Website www.ambac.com
Headquarters New York, NY
Size 150 to 499 Employees
Founded 1991
Type Company - Public (AMBC)
Industry Insurance
Revenue $500 million to $1 billion (USD) per year
Competitors MBIA, Fgic, Assured Guaranty

Ambac Financial Group used to give an A+ to school bonds, until its own ratings fell to C's. Ambac Assurance, the holding company's primary subsidiary, sold financial guarantee insurance and other credit enhancement products for municipal bonds in the US market. However, the company has halted all new business and has placed its remaining business in "run-off" -- meaning it is only taking in premium payments and paying out claims as it is able. Already operating under "rehabilitation" by Wisconsin regulators, Ambac Financial filed for Chapter 11 bankruptcy in 2010.

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