Firma verlässt Rehabiliation - Warren Buffet Alarm

https://www.ambac.com/news/news-details/2022/...-Program/default.aspx  

https://stockhouse.com/news/press-releases/2022/...rights-of-employer  

11. Mai 2022, 06:37
AMBAC (AMBAC Financial Group) öffnete die Bücher zum abgelaufenen Quartal
AMBAC (AMBAC Financial Group) hat am 11.05.2022 die Bilanz für das jüngste Quartal veröffentlicht, das zum 31.03.2022 abgelaufen war.

Es wurde ein Gewinn je Aktie von 0.300 USD präsentiert. Im Vorjahresquartal hatte AMBAC (AMBAC Financial Group) ein EPS von 0.590 USD je Aktie vermeldet.

Beim Umsatz kam es zu einer Steigerung von 7.14 Prozent auf 15.0 Millionen USD. Ein Jahr zuvor war ein Umsatz von 14.0 Millionen USD erwirtschaftet worden.

Redaktion finanzen.ch  

wie immer beschi.. marktumfeld  

Dieses Jahr erwarten die 100 Millionen Einnahmen durch die neuen Versicherungen, die Ambac aufgebaut hatte.

Es wurde das Aktienrückkaufprogramm erweitert und verlängert.

1,5 Millionen Aktien hatten die zurückgekauft. Das Programm vom 29.3. wurde mit einem neuen am 5.5. erweitert.

 

 

https://www.reuters.com/legal/transactional/...ties-trial-2022-05-17/  

https://www.businesswire.com/news/home/...-Human-Services-Focused-MGA  

New York-based insurtech Kalepa Corp. said Monday it is introducing a managing general agency, Kalepa Insurance Services, with capacity provided by units of Ambac Financial Group Inc.

Kalepa Insurance Services will provide excess casualty through a partnership with the Everspan Group, whose companies are units of New York-based Ambac.

The program focuses on small and midmarket policyholders, with policies distributed through exclusive wholesale broker partnerships, said Kalepa, which was founded in 2018. https://www.businessinsurance.com/article/...surtech-Kalepa-forms-MGA  

https://www.businesswire.com/news/home/...Second-Quarter-2022-Results  

Gewinn bei $0,28 pro Aktie.

Neue Versicherungssparten um +164% in einem Quartal gewachsen.
https://www.google.com/...AgREAE&usg=AOvVaw29IftsBs07bVVFdz1YyERU  

11 neue Versicherungsprogramme.
+164% Wachstum
3 Milliarden als Klagen sollen in diesem und nächsten Jahr eingenommen werden.

 

noch 2 solche quartele und es geht ab. :)  

 

 

nur muss es jetzt nachhaltig sein! 1 heißer Tag macht noch keinen Sommer //:D  

Das wird weiter steigen, weil sie so eine neue Software haben, mit der sie automatisch alle besten Angebote in Varianten von einem Programm sofort errechnet bekommen und mit dem was sie über Everspan ergänzen müssen. Vorher dauerte das eine Stunde mindestens. Jetzt hat der Kunde das Angebot gleich.  

https://www.businesswire.com/news/home/...urance-MGU-and-DEI-Platform  

Ambac Financial Group Inc. AMBC, -1.13% said Wednesday it's pleased with a decision by the Supreme Court of the State of New York's to allow its 2014 fraud lawsuit against Countrywide and Bank of America Corp. BAC, -1.92% to go forward to trial in front of a jury. The court denied Countrywide's motion for summary judgment in the case: Ambac Assurance Corp. vs. Countrywide Home Loans Inc., Countrywide Securities Corp., Countrywide Financial Corp., and Bank of America Corp. Ambac said the trial is now scheduled to begin in January, 2024, but the court may reschedule the trial for an earlier time. Ambac said it's seeking to recover hundreds of millions in losses and punitive damages for allegations that Countrywide "made false and intentionally misleading representations" to Ambac about its mortgage origination practices and the "purported quality of its mortgage loans." Ambac said it continues to pursue additional claims against Bank of America in a 2010 lawsuit going to trial on Sept. 7. Shares of Ambac are down 4.9% so far in 2022 compared to a 16.4% drop by the S&P 500 SPX, -0.97%. https://www.marketwatch.com/story/...y-trial-2022-08-31?siteid=yhoof2  

"(Reuters) -Bond insurer Ambac Financial Group Inc cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities on evidence that BofA was a "bad actor" before the 2008 financial crisis, an attorney for the bank said on Wednesday in New York state court.

Ambac seeks to recoup more than $2 billion in insurance claims it paid to cover investor losses on securities backed by 375,000 home loans from Bank of America's Countrywide unit. As the trial in the 12-year-old case opened on Wednesday, an attorney for the bond insurer argued that Countrywide's own files show it systematically approved shoddy mortgages and pushed the risk onto investors and insurers."
https://www.saltwire.com/nova-scotia/business/...520and%2520insurers.  

Countrywide Financial, which Bank of America acquired amid the mortgage lender’s 2008 collapse, was the “worst of the worst” in underwriting securities backed by bad loans in the years leading up to the crisis, a lawyer for Ambac said Wednesday in opening arguments in New York state court. The insurer is seeking to recover billions of dollars it paid out on those bonds.

“Blinded by sheer greed, it ran a factory where it literally churned out billions and billions of dollars in bad mortgage loans,” Ambac lawyer Michael Carlinsky said of Countrywide. “It didn’t care about the quality of those mortgage loans because it was passing the risk on to others.”
https://finance.yahoo.com/news/...oes-trial-over-worst-191216017.html  

As the trial in the 12-year-old case opened on Wednesday, an attorney for the bond insurer argued that Countrywide’s own files show it systematically approved shoddy mortgages and pushed the risk onto investors and insurers.  

danke für die guten Infos! Dass der Aktienpreis bei Ambac immer noch so tief liegt, ist schon ein Witz. Mal schauen, wie lange das noch so bleiben wird ;-)
 

https://www.phinsys.com/articles/...sys-to-support-everspan-expansion  

https://ambac.com/news/news-details/2022/...k-of-America/default.aspx