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Bond insurer Ambac Financial Group Inc. said Wednesday it expects state regulators in Wisconsin to approve its plans for a new insurance subsidiary.
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Ambac Financial Group Inc. on Wednesday reported an operating loss during the second quarter because of expected losses on insurance contracts, but a
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Ambac Financial posts sharply higher second-quarter net income, giving the struggling bond insurer's a further boost.
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Ambac Financial Group , a bond insurer, said on Wednesday that second-quarter earnings rose sharply, helped by valuation gains on credit derivatives.
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