Ambac Reviews

2.2
Rating Trends
Recommend to a friend
Approve of CEO
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Diana Adams
3 Ratings
  • Helpful (1)

    Company lost its AAA rating during the financial crisis and has no product.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance in New York, NY
    Former Employee - Insurance in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Ambac full-time (More than 3 years)

    Pros

    Some of the people there are really smart and dedicated. One gets to move around from one business unit and department to the next in a short time thus gaining broad experience.

    Cons

    There is no connection between daily work and a strategic goal. It's like working in a mechanic's shop: fix what breaks and move on to the next one.


Ambac Interviews

Interview Experience

Interview Experience

25%
75%
0%

Getting an Interview

Getting an Interview

25%
25%
25%
25

Interview Difficulty

3.0
Average

Interview Difficulty

Hard

Average

Easy
  1.  

    Junior Level Interview

    Anonymous Employee in New York, NY
    Accepted Offer
    Neutral Experience
    Average Interview

    Application

    I applied through college or university. The process took 1 day. I interviewed at Ambac (New York, NY).

    Interview

    Got a call from HR that they wanted to interview me. Interview was scheduled for more than 2 years and I met with almost everyone on the team. Your peers may ask more skill based question but the managers was less focused on that, seemed more focus on your ability to fit in with the group.

    Interview Questions

    • are you able to explain things taking a 50,000 feet approach?   Answer Question

Ambac Awards & Accolades

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Additional Info

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Website www.ambac.com
Headquarters New York, NY
Size 150 to 499 Employees
Founded 1991
Type Company - Public (AMBC)
Industry Insurance
Revenue $50 to $100 million (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 ... More

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