bond insurance Archives - Carrier Management

Ambac Shareholder Pushes for Review of ‘Strategic Alternatives’

Shareholder Joseph Pirinea said on Monday he was pushing bond insurer Ambac Financial Group to hire an investment bank to review strategic alternatives. Pirinea said the review should include the ...

Ex-AIG CFO Herzog Joins Ambac’s Board as Proxy Fight Looms

Ambac Financial Group Inc. appointed former American International Group Inc. Chief Financial Officer David Herzog to its board as the bond insurer works to fend off activist investor Canyon Capital ...

Top Shareholders Urge Ambac CEO to Leave Due to Claims-Payment Delays

Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he ...