Ambac Assurance Corp.

• No Ambac OTTIs for Corporate One

  By Heather Anderson  |  May 12, 2010

  The $3.7 billion Corporate One FCU did not record any OTTIs against $35.5 million worth of securities wrapped by monoline insurer Ambac Assurance Corp., according to its March 2010 financials.

• Southwest Corp Retains 90% Ambac Reliance

  By Heather Anderson  |  May 6, 2010

  The $10 billion Southwest Corporate FCU joined Corporate One FCU in deciding not to take any additional OTTI related to the Wisconsin insurance regulator's March 25 action against monoline insurer Ambac Assurance Corp.

• Corporate One Places Full Reliance on Ambac

  By Heather Anderson  |  May 4, 2010

  The $3.7 billion Corporate One Federal Credit Union is placing full reliance for repayment on monoline insurer Ambac Assurance Corp, bucking the trend of other corporates who have recorded OTTIs on affected securities.

• Ambac Restructure Trickles Down to WesCorp

  By Heather Anderson  |  April 22, 2010

  Later today, the $22 billion Western Corporate FCU will announce $25.4 in new OTTIs due to monoline insurer Ambac's declining ability to meet bond insurance claims, NCUA spokesman John McKechnie told the Credit Union Times.

• Ambac Restructuring Could Mean Bad News for Corporate-Held MBS

  By Heather Anderson  |  April 7, 2010

  The Wisconsin-based monoline insurer subsidiary of Ambac Financial Group has restructured its residential mortgage-backed securities guarantees into a separate,