Ambac Assurance UK Limited

Reference number: 202924

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Company details

From the company's Companies House record.

Company number
03248674
Company status
Active
Company type
Private limited company
Incorporated
11 September 1996 (29 years old)
Registered office
5th Floor, 48/54 Moorgate, London, EC2R 6EJ, England
Nature of business
  • Non-life insurance (SIC 65120)

Current directors and secretaries

Name Role Born Appointed
David Peter Barranco Director Mar 1970 9 Sep 2011
William Moray Newton Fall Director Apr 1957 1 Mar 2017
Hugh John Boyle Director Aug 1971 28 Nov 2018
Ben Robert Loomes Director Mar 1977 2 Dec 2019
Alan Trond Dee Director Aug 1968 31 Mar 2020
Yadin Rozov Director Dec 1977 29 Sep 2025

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Hold or safeguard your money FSCS may apply
    Eligible deposits are typically protected by the FSCS up to £120,000 per person, per banking group.
  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.

Check your FSCS cover →

Show FCA detail (9 permissions)
  • Accepting Deposits
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Carrying out contracts of insurance
  • Dealing in investments as principal
  • Effecting contracts of insurance
  • Making arrangements with a view to transactions in investments

Limits on what they may do

  • Must not effect or issue any contract of insurance
    The firm must not effect or issue any contract of insurance, whether: (a) a new contract of insurance; (b) a renewal; (c) pursuant to any pre-existing agreement to issue a contract of insurance; (d) pursuant to any pre-existing agreement which confers upon a prospective policyholder a right to require the Firm to issue a contract of insurance; or (e) pursuant to an option which has been exercised in relation to a contract of insurance which has yet to be issued, unless the Firm has given the FSA at least five business days written notice of its proposed action and the FSA has confirmed in writing that it does not object to the proposal.
  • Must not commute or vary the terms of any existing
    The firm must not commute, vary, terminate or reinstate the terms of any existing contract of insurance or reinsurance or enter into any new contract of reinsurance with Ambac Assurance Corporation (AAC), any member of its group (the Group) or any successor or sub-division of AAC or a Group member including, but not limited to, the segregated account of AAC established pursuant to Wisconsin statute §611.24 and the general account of AAC which currently holds AAC's unimpaired business unless the firm has given the FSA at least five business days written notice of its proposed action and the FSA has confirmed, in writing, that it does not object to the proposal.
  • Must not take any action which may have the effect
    The firm must not take any action which has, or may have, the effect of: (a) transferring any assets (including, without limitation, by dividend, loan, transfer of collateral, assignment, novation, commutation, or payment of premium under any contract of insurance or reinsurance with Ambac Assurance Corporation (AAC), any member of its group (the Group) or any successor or sub-division of AAC or a Group member including, but not limited to, the segregated account of AAC established pursuant to Wisconsin statute §611.24 and the general account of AAC which currently holds AAC's unimpaired business) from the firm; (b) creating any security interest over any assets of the firm; or (c) incurring, or increasing, contractual or other liabilities (including, without limitation, any liability under a guarantee or indemnity) of the firm, in favour of, or for the benefit of AAC, any Group member, any successor or sub-division of AAC or a Group member (including, but not limited to, the Segregated Account or the General Account) or any third party in connection with any obligation of AAC, any Group member and/or any successor or sub-division of AAC or a Group member (including, but not limited to, the Segregated Account or the General Account), unless the firm: (i) has given the FSA at least five business days written notice of its proposed action and the FSA has confirmed, in writing, that it does not object to the proposal; or (ii) is required to take the action it proposes to take in order to meet its obligations under a contract entered into on or before 13 November 2009, and Ambac UK has disclosed that contract to the FSA prior to 13 November 2009 in order to meet its obligations under SUP App 2.12.1R(3)(b). For the avoidance of doubt, this sub-paragraph (ii) does not apply to the Amended and Restated 1997 Reinsurance Agreement entered into between the firm and AAC on or about 17 November 2009

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

Previously registered as

The FCA register holds 2 earlier registered names for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • AMBAC Indemnity UK Limited
  • AMBAC Insurance UK Limited

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Common questions

Frequently asked questions

Is Ambac Assurance UK Limited FCA authorised?
Yes, Ambac Assurance UK Limited (FRN 202924) is authorised by the FCA to carry out regulated activities.
Is my money safe with Ambac Assurance UK?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Ambac Assurance UK to the Financial Ombudsman Service, free of charge.
Is Ambac Assurance UK a scam or clone?
Ambac Assurance UK is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Ambac Assurance UK's Firm Reference Number (FRN)?
Ambac Assurance UK's FRN is 202924. You can verify it on the FCA register.