Ambac Financial Group, Inc. is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and private sectors around the world. The Company Financial Group has two business segments, Financial Guarantee and Financial Services. It provides financial guarantees for public finance and structured finance obligations through its principal operating subsidiary, Ambac Assurance Corporation. Through its financial services subsidiaries, Ambac Financial Group provides financial and investment products, including investment agreements, interest rate and total return swaps, funding conduits, investment advisory and cash management services, principally to its clients, which include municipalities and their authorities, school districts, healthcare organizations and asset-backed issuers.