X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NU Online News Service, May 18, 12:50 p.m. EDT

Ambac Financial Group, Inc. reported a 2010 first quarter net loss of more than $690 million–almost double the loss it experienced for the same period last year–and reiterated its expectation that it may seek bankruptcy.

The New York surety insurer’s reported net loss amounted to $2.39 a share, compared to a net loss of $392 million or net loss of $1.36 a share for the 2009 first quarter.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.