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Ambac Financial Group, Inc. is a financial services holding company primarily engaged in providing financial guarantees and other insurance-related products. The company's key business includes managing a legacy financial guarantee portfolio, which offers protection against defaults on public finance, infrastructure, and structured finance obligations. Ambac also focuses on risk management and loss recovery strategies related to its insured exposures. Additionally, the company explores opportunities in specialty property and casualty insurance. The company is headquartered in New York, United States, and its shares are listed on the NYSE.