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  <xs:element id="ambc_BackgroundAndBasisOfPresentationTable" abstract="true" name="BackgroundAndBasisOfPresentationTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_SpecialtyPropertyCasualtyProgramMember" abstract="true" name="SpecialtyPropertyCasualtyProgramMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_InterestRateDateChangeAxis" abstract="true" name="InterestRateDateChangeAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_InterestRateDateChangeDomain" abstract="true" name="InterestRateDateChangeDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_CurrentRateMember" abstract="true" name="CurrentRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_FirstRateIncreaseMember" abstract="true" name="FirstRateIncreaseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SecondRateIncreaseMember" abstract="true" name="SecondRateIncreaseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ThirdRateIncreaseMember" abstract="true" name="ThirdRateIncreaseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_BackgroundAndBasisOfPresentationLineItems" abstract="true" name="BackgroundAndBasisOfPresentationLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_NumberOfAdmittedCarriersOwned" abstract="false" name="NumberOfAdmittedCarriersOwned" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_NumberOfBusinessesOwned" abstract="false" name="NumberOfBusinessesOwned" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_ShortTermDebtDurationFee" abstract="false" name="ShortTermDebtDurationFee" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_BusinessCombinationCreditFacilityCashUsedForBeatAcquisition" abstract="false" name="BusinessCombinationCreditFacilityCashUsedForBeatAcquisition" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_AllTransMember" abstract="true" name="AllTransMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_CapacityMarineMember" abstract="true" name="CapacityMarineMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_RivertonMember" abstract="true" name="RivertonMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SOFRCreditAgreementMember" abstract="true" name="SOFRCreditAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_NumberOfVariableInterestEntitiesConsolidatedDuringThePeriod" abstract="false" name="NumberOfVariableInterestEntitiesConsolidatedDuringThePeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_DisposalGroupIncludingDiscontinuedOperationRestrictedCash" abstract="false" name="DisposalGroupIncludingDiscontinuedOperationRestrictedCash" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DisposalGroupIncludingDiscontinuedOperationReclassificationFromAOCIAtClosing" abstract="false" name="DisposalGroupIncludingDiscontinuedOperationReclassificationFromAOCIAtClosing" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ShorTermDebtExtensionFee" abstract="false" name="ShorTermDebtExtensionFee" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_ShortTermDebtMinimumCashBalanceRequired" abstract="false" name="ShortTermDebtMinimumCashBalanceRequired" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_PutCallOptionExercise" abstract="false" name="PutCallOptionExercise" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_PaymentForPutCallOption" abstract="false" name="PaymentForPutCallOption" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleofCashFlowSupplementalInformationAxis" abstract="true" name="ScheduleofCashFlowSupplementalInformationAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_ScheduleofCashFlowSupplementalInformationDomain" abstract="true" name="ScheduleofCashFlowSupplementalInformationDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SecuritiesAcquiredTransferredInTransactionsRelatedToPuertoRicoRestructurings" abstract="false" name="SecuritiesAcquiredTransferredInTransactionsRelatedToPuertoRicoRestructurings" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_SecuritiesAcquiredTransferredInConnectionWithFinancialGuaranteeCommutations" abstract="false" name="SecuritiesAcquiredTransferredInConnectionWithFinancialGuaranteeCommutations" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ReductionInVIELoansDueToDeconsolidation" abstract="false" name="ReductionInVIELoansDueToDeconsolidation" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ReductionInVIELongTermDEbtDueToDeconsolidation" abstract="false" name="ReductionInVIELongTermDEbtDueToDeconsolidation" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_OctaveSpecialtyLimitedMember" abstract="true" name="OctaveSpecialtyLimitedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_BeatMember" abstract="true" name="BeatMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_InsuranceDistributionMember" abstract="true" name="InsuranceDistributionMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_OctaveVenturesMember" abstract="true" name="OctaveVenturesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ReclassificationFromNonredeemableNoncontrollingInterestIncludingRemeasurementAtFairValue" abstract="false" name="ReclassificationFromNonredeemableNoncontrollingInterestIncludingRemeasurementAtFairValue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ReclassificationToNonredeemableNoncontrollingInterest" abstract="false" name="ReclassificationToNonredeemableNoncontrollingInterest" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ChangeInNonredeemableNCIResultingFromPurchaseOfSharesFromMinorityInterestOwners" abstract="false" name="ChangeInNonredeemableNCIResultingFromPurchaseOfSharesFromMinorityInterestOwners" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_PayableForRedeemableNoncontrollingInterest" abstract="false" name="PayableForRedeemableNoncontrollingInterest" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessCombinationPotentialLateClosingPenaltyPerDay" abstract="false" name="BusinessCombinationPotentialLateClosingPenaltyPerDay" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessCombinationPotentialLateClosingPenaltyMaximum" abstract="false" name="BusinessCombinationPotentialLateClosingPenaltyMaximum" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessCombinationPercentageOwnershipRetainedByRolloverShareholders" abstract="false" name="BusinessCombinationPercentageOwnershipRetainedByRolloverShareholders" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_BusinessCombinationNumberOfSharesIssuedForBeatAcquisition" abstract="false" name="BusinessCombinationNumberOfSharesIssuedForBeatAcquisition" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_BusinessCombinationValueOfSharesIssuedForBeatAcquisition" abstract="false" name="BusinessCombinationValueOfSharesIssuedForBeatAcquisition" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessCombinationNumberOfDaysToCalculateVWAP" abstract="false" name="BusinessCombinationNumberOfDaysToCalculateVWAP" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_BusinessCombinationAACCashConsiderationForBeatAcquisition" abstract="false" name="BusinessCombinationAACCashConsiderationForBeatAcquisition" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessCombinationFXForwardRateLock" abstract="false" name="BusinessCombinationFXForwardRateLock" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessCombinationVolumeWeightedAveragePrice" abstract="false" name="BusinessCombinationVolumeWeightedAveragePrice" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessDisposalCashExpectedToBeReceived" abstract="false" name="BusinessDisposalCashExpectedToBeReceived" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessDisposalTerminationFee" abstract="false" name="BusinessDisposalTerminationFee" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessDisposalPotentialOutOfPocketExpenseReimbursement" abstract="false" name="BusinessDisposalPotentialOutOfPocketExpenseReimbursement" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessDisposalPercentOfCommonSharesIssuedInConnectionWithDisposal" abstract="false" name="BusinessDisposalPercentOfCommonSharesIssuedInConnectionWithDisposal" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_BusinessDisposalWarrantStrikePriceInConnectionWithDisposal" abstract="false" name="BusinessDisposalWarrantStrikePriceInConnectionWithDisposal" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessDisposalCarryingValueOfAAC" abstract="false" name="BusinessDisposalCarryingValueOfAAC" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessDisposalAACAccumulatedOtherComprehensiveLoss" abstract="false" name="BusinessDisposalAACAccumulatedOtherComprehensiveLoss" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessDisposalLifeOfWarrantsIssuedInConnectionWithAACDisposal" abstract="false" name="BusinessDisposalLifeOfWarrantsIssuedInConnectionWithAACDisposal" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="ambc_BusinessCombinationTotalConsideration" abstract="false" name="BusinessCombinationTotalConsideration" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessCombinationConsiderationPaidInCash" abstract="false" name="BusinessCombinationConsiderationPaidInCash" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_InvestmentsEquityInterestPercent" abstract="false" name="InvestmentsEquityInterestPercent" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_InvestmentInLessThan100PercentOwnedPercentage" abstract="false" name="InvestmentInLessThan100PercentOwnedPercentage" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_LongTermDebtQuarterlyAmortizationPercentForFiveYears" abstract="false" name="LongTermDebtQuarterlyAmortizationPercentForFiveYears" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_MinimumCashLiquidityRequirement" abstract="false" name="MinimumCashLiquidityRequirement" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_TotalComprehensiveIncomeNetOfTaxLessNCI" abstract="false" name="TotalComprehensiveIncomeNetOfTaxLessNCI" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_LegacyFinancialGuaranteeMember" abstract="true" name="LegacyFinancialGuaranteeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ManagingGeneralAgencyUnderwriterMember" abstract="true" name="ManagingGeneralAgencyUnderwriterMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SpecialtyPropertyAndCasualtyInsuranceMember" abstract="true" name="SpecialtyPropertyAndCasualtyInsuranceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_OtherIncomeItemsRecognizedUnderASC606" abstract="false" name="OtherIncomeItemsRecognizedUnderASC606" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_NetIncestmentIncomeAndRealizedInvestmentGainsLosses" abstract="false" name="NetIncestmentIncomeAndRealizedInvestmentGainsLosses" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_NonCompensationExpense" abstract="false" name="NonCompensationExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_EBITDA" abstract="false" name="EBITDA" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestAdjustedEBITDA" abstract="false" name="OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestAdjustedEBITDA" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_OCTAVEEBITDA" abstract="false" name="OCTAVEEBITDA" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_OtherComprehensiveIncomeLosssNetOfTaxPortionAttributableToNoncontrollingInterestEBITDAAdjusted" abstract="false" name="OtherComprehensiveIncomeLosssNetOfTaxPortionAttributableToNoncontrollingInterestEBITDAAdjusted" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_AMBACEBITDA" abstract="false" name="AMBACEBITDA" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_BusinessCombinationTypeOfConsiderationPaidAxis" abstract="true" name="BusinessCombinationTypeOfConsiderationPaidAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_BusinessCombinationTypeOfConsiderationPaidDomain" abstract="true" name="BusinessCombinationTypeOfConsiderationPaidDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_CustomerRelationshipsAndTrademarksMember" abstract="true" name="CustomerRelationshipsAndTrademarksMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_BetCapitalPartnersMember" abstract="true" name="BetCapitalPartnersMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_FixedIncomeInvestmentsAndOtherInvestmentsMember" abstract="true" name="FixedIncomeInvestmentsAndOtherInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_AmbacInsuredSecuritiesMember" abstract="true" name="AmbacInsuredSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ParsedInvestmentTypeAxis" abstract="true" name="ParsedInvestmentTypeAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_ParsedInvestmentTypeDomain" abstract="true" name="ParsedInvestmentTypeDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ParsedFixedIncomeSecuritiesMember" abstract="true" name="ParsedFixedIncomeSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLossIncludingPledgedSecurities" abstract="false" name="DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLossIncludingPledgedSecurities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition" abstract="false" name="DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLossLessThan12MonthsIncludingPledgedSecurities" abstract="false" name="DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLossLessThan12MonthsIncludingPledgedSecurities" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DebtSecuritiesAvailableForSaleUnrealizedLossMeasuredAsAPercentOfAmortizedCost" abstract="false" name="DebtSecuritiesAvailableForSaleUnrealizedLossMeasuredAsAPercentOfAmortizedCost" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_AmortizedCostAndFairValueDebtSecuritiesAbstract" abstract="true" name="AmortizedCostAndFairValueDebtSecuritiesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_AmbacAssuranceMember" abstract="true" name="AmbacAssuranceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_AmbacUkMember" abstract="true" name="AmbacUkMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_InvestmentPortfolioMember" abstract="true" name="InvestmentPortfolioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_FairValueOfSecuritiesDepositedWithGovernmentalAuthorities" abstract="false" name="FairValueOfSecuritiesDepositedWithGovernmentalAuthorities" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_OtherInvestmentsIncome" abstract="false" name="OtherInvestmentsIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLossIncludingPledgedSecurities" abstract="false" name="DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLossIncludingPledgedSecurities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_AveragePercentageOfUnrealizedLossVersusAmortizedCostForBelowInvestmentGradeSecurities" abstract="false" name="AveragePercentageOfUnrealizedLossVersusAmortizedCostForBelowInvestmentGradeSecurities" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_FairValueOfCashAndSecuritiesPledgedToDerivativeCounterparties" abstract="false" name="FairValueOfCashAndSecuritiesPledgedToDerivativeCounterparties" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_AveragePercentageOfUnrealizedLossVersusAmortizedCostForInvestmentGradeSecurities" abstract="false" name="AveragePercentageOfUnrealizedLossVersusAmortizedCostForInvestmentGradeSecurities" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_FiduciaryFundsHeldByInsuranceDistributionSubsidiaries" abstract="false" name="FiduciaryFundsHeldByInsuranceDistributionSubsidiaries" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_FairValueofSecuritiesDepositedinConnectionwtihLetterofCredit" abstract="false" name="FairValueofSecuritiesDepositedinConnectionwtihLetterofCredit" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_OtherThanTemporaryImpairmentsAdditionsForCreditImpairmentsRecognizedAbstract" abstract="true" name="OtherThanTemporaryImpairmentsAdditionsForCreditImpairmentsRecognizedAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_MortgageAndOtherAssetBackedSecuritiesMember" abstract="true" name="MortgageAndOtherAssetBackedSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_GainslossesonsecuritiesheldasofreportingdateMember" abstract="true" name="GainslossesonsecuritiesheldasofreportingdateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_IlliquidInvestmentsMember" abstract="true" name="IlliquidInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_InsuranceLinkedMember" abstract="true" name="InsuranceLinkedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_EquitySecuritiesExcludedFromFairValueMember" abstract="true" name="EquitySecuritiesExcludedFromFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_HighYieldFundMember" abstract="true" name="HighYieldFundMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_EquitySecuritiesExcludedFromFairValue" abstract="false" name="EquitySecuritiesExcludedFromFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_FairValueOfAssetsAndLiabilitiesMeasuredOnNonRecurringBasisLineItems" abstract="true" name="FairValueOfAssetsAndLiabilitiesMeasuredOnNonRecurringBasisLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_EquityMethodInvestmentsExcludedFromFairValue" abstract="false" name="EquityMethodInvestmentsExcludedFromFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_PercentageOfInvestmentPortfolioValuedUsingDealerQuotes" abstract="false" name="PercentageOfInvestmentPortfolioValuedUsingDealerQuotes" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_PercentageOfInvestmentPortfolioValuedUsingExternalPricingServices" abstract="false" name="PercentageOfInvestmentPortfolioValuedUsingExternalPricingServices" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_PercentageOfInvestmentPortfolioValuedUsingInternalValuationModels" abstract="false" name="PercentageOfInvestmentPortfolioValuedUsingInternalValuationModels" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_FairValueInputsCouponRate" abstract="false" name="FairValueInputsCouponRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_EstimatedFuturePremiumPaymentsWeightedAverageDiscountedRate" abstract="false" name="EstimatedFuturePremiumPaymentsWeightedAverageDiscountedRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_FairValueInputsMaturity" abstract="false" name="FairValueInputsMaturity" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="ambc_FairValueInputsYield" abstract="false" name="FairValueInputsYield" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiability" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiability" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilitySettlements" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilitySettlements" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld" abstract="false" name="FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_FairValueInputsYieldRate" abstract="false" name="FairValueInputsYieldRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_EstimatedFuturePremiumPaymentsMinimumDiscountedRate" abstract="false" name="EstimatedFuturePremiumPaymentsMinimumDiscountedRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityGainLossIncludedInEarnings" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityGainLossIncludedInEarnings" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityGainLossIncludedInOtherComprehensiveIncomeLoss" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityGainLossIncludedInOtherComprehensiveIncomeLoss" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_EstimatedFuturePremiumPaymentsMaximumDiscountedRate" abstract="false" name="EstimatedFuturePremiumPaymentsMaximumDiscountedRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityTransfersIntoOrOutOfLevel3" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityTransfersIntoOrOutOfLevel3" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityPurchases" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityPurchases" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_IncomeLossOnVariableInterestEntitiesMember" abstract="true" name="IncomeLossOnVariableInterestEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_LossReservesClaimLiabilityMember" abstract="true" name="LossReservesClaimLiabilityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_OtherPublicFinanceSectorsMember" abstract="true" name="OtherPublicFinanceSectorsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_OtherInternationalMember" abstract="true" name="OtherInternationalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_MortgageBackedAndHomeEquityMember" abstract="true" name="MortgageBackedAndHomeEquityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_StudentLoansMember" abstract="true" name="StudentLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_OtherStructuredFinanceMember" abstract="true" name="OtherStructuredFinanceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SovereignAndSubSovereignMember" abstract="true" name="SovereignAndSubSovereignMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_InvestorOwnedAndPublicUtilitiesMember" abstract="true" name="InvestorOwnedAndPublicUtilitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_HousingRevenueMember" abstract="true" name="HousingRevenueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SurveillanceCategoryOneMember" abstract="true" name="SurveillanceCategoryOneMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SurveillanceCategoryOneaMember" abstract="true" name="SurveillanceCategoryOneaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SurveillanceCategoryTwoMember" abstract="true" name="SurveillanceCategoryTwoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SurveillanceCategoryThreeMember" abstract="true" name="SurveillanceCategoryThreeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SurveillanceCategoryFourMember" abstract="true" name="SurveillanceCategoryFourMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_PublicFinanceMember" abstract="true" name="PublicFinanceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_InternationalFinanceMember" abstract="true" name="InternationalFinanceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_PastDuePremiumsReceivable" abstract="false" name="PastDuePremiumsReceivable" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_PastDuePremiums" abstract="false" name="PastDuePremiums" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable" abstract="true" name="ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_LossandLossReservesAxis" abstract="true" name="LossandLossReservesAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_LossandLossReservesDomain" abstract="true" name="LossandLossReservesDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember" abstract="true" name="PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_PresentValueofExpectedNetCashFlowsRecoveriesMember" abstract="true" name="PresentValueofExpectedNetCashFlowsRecoveriesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_UnearnedPremiumReserveMember" abstract="true" name="UnearnedPremiumReserveMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableLineItems" abstract="true" name="ComponentsofLossandLossExpenseReservesandSubrogationRecoverableLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_CededLossAndLossExpensesPaidNotYetRecovered" abstract="false" name="CededLossAndLossExpensesPaidNotYetRecovered" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_LossReservesCededToReinsurers" abstract="false" name="LossReservesCededToReinsurers" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables" abstract="false" name="LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_OtherInsuranceContractsMember" abstract="true" name="OtherInsuranceContractsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_LossAdjustmentExpensesLegalExpensesMember" abstract="true" name="LossAdjustmentExpensesLegalExpensesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_LossAndLossAdjustmentExpenseReservesLineItems" abstract="true" name="LossAndLossAdjustmentExpenseReservesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_SurveillanceCategoryFiveMember" abstract="true" name="SurveillanceCategoryFiveMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability" abstract="false" name="ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability" abstract="false" name="ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation" abstract="false" name="ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation" abstract="false" name="ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation" abstract="false" name="ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation" abstract="false" name="ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_CommercialAutoMember" abstract="true" name="CommercialAutoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ExcessAndGeneralLiabilityMember" abstract="true" name="ExcessAndGeneralLiabilityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_NonStandardPersonalAutoMember" abstract="true" name="NonStandardPersonalAutoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_UnallocatedLossAdjustmentExpenseReserveMember" abstract="true" name="UnallocatedLossAdjustmentExpenseReserveMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_MultiPerilMember" abstract="true" name="MultiPerilMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SummaryOfCededParAndNetUnsecuredReinsuranceRecoverableTable" abstract="true" name="SummaryOfCededParAndNetUnsecuredReinsuranceRecoverableTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_QBEInsuranceCorporationMember" abstract="true" name="QBEInsuranceCorporationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_AssuredGuarantyReLtdMember" abstract="true" name="AssuredGuarantyReLtdMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_GeneralReinsuranceCompanyMember" abstract="true" name="GeneralReinsuranceCompanyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SwissReinsuranceAmericaCorporationMember" abstract="true" name="SwissReinsuranceAmericaCorporationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_StandardPoorsNoRatingMember" abstract="true" name="StandardPoorsNoRatingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_StandardPoorsAPlusPlusRating" abstract="false" name="StandardPoorsAPlusPlusRating" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_SummaryOfCededParAndNetUnsecuredReinsuranceRecoverableLineItems" abstract="true" name="SummaryOfCededParAndNetUnsecuredReinsuranceRecoverableLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_UnsecuredReinsuranceRecoverables" abstract="false" name="UnsecuredReinsuranceRecoverables" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ReinsuranceRecoverableGrossAllOther" abstract="false" name="ReinsuranceRecoverableGrossAllOther" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_UnsecuredReinsuranceRecoverableAllOther" abstract="false" name="UnsecuredReinsuranceRecoverableAllOther" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_NumberOfReinsurersCoveringMajority" abstract="false" name="NumberOfReinsurersCoveringMajority" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_PercentageOfCededReinsuranceRecoverableRepresentedByTopThree" abstract="false" name="PercentageOfCededReinsuranceRecoverableRepresentedByTopThree" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ambc_UncollateralizedCreditExposureSupoortedByUnlimitedUncappedIndemnity" abstract="false" name="UncollateralizedCreditExposureSupoortedByUnlimitedUncappedIndemnity" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DeferredCededPremiumsAndReinsuranceRecoverables" abstract="false" name="DeferredCededPremiumsAndReinsuranceRecoverables" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ReinsuranceRecoverableCreditExposure" abstract="false" name="ReinsuranceRecoverableCreditExposure" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DerivativeLiabilitiesGrossAmountOfCollateralCashAndSecuritiesPledgedNotOffset" abstract="false" name="DerivativeLiabilitiesGrossAmountOfCollateralCashAndSecuritiesPledgedNotOffset" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DerivativeAssetsNetAmount" abstract="false" name="DerivativeAssetsNetAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_DerivativeLiabilitiesNetAmount" abstract="false" name="DerivativeLiabilitiesNetAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleOfLoansAndAllowanceForLoanByClassIndividuallyAndCollectivelyEvaluatedForImpairmentLineItems" abstract="true" name="ScheduleOfLoansAndAllowanceForLoanByClassIndividuallyAndCollectivelyEvaluatedForImpairmentLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_NetgainslossesonderivativecontractsDomain" abstract="true" name="NetgainslossesonderivativecontractsDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_DerivativeGainLossonDerivativesTotalNet" abstract="false" name="DerivativeGainLossonDerivativesTotalNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_AfsMember" abstract="true" name="AfsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_InterestRateSwapOneMember" abstract="true" name="InterestRateSwapOneMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_FXForwardBuyGBPSellUSDMember" abstract="true" name="FXForwardBuyGBPSellUSDMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_FXForwardBuyUSDSellGBPMember" abstract="true" name="FXForwardBuyUSDSellGBPMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_FXForwardBuyGBPSellCADMember" abstract="true" name="FXForwardBuyGBPSellCADMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_PWICMember" abstract="true" name="PWICMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_LoansUnpaidPrincipalBalance" abstract="false" name="LoansUnpaidPrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_LongTermDebtUnpaidPrincipalBalance" abstract="false" name="LongTermDebtUnpaidPrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_GlobalPublicFinanceMember" abstract="true" name="GlobalPublicFinanceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_GlobalStructuredFinanceMember" abstract="true" name="GlobalStructuredFinanceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_OtherConsumerAssetBackedMember" abstract="true" name="OtherConsumerAssetBackedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets" abstract="false" name="VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities" abstract="false" name="VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities" abstract="false" name="VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_LongtermDebtatparlessamortizeddiscount" abstract="false" name="LongtermDebtatparlessamortizeddiscount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_CashCollateralPayable" abstract="false" name="CashCollateralPayable" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_NumberOfConsolidatedVariableInterestEntities" abstract="false" name="NumberOfConsolidatedVariableInterestEntities" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_EmployerStopLossMember" abstract="true" name="EmployerStopLossMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_AffinityProductsMember" abstract="true" name="AffinityProductsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_MarineMember" abstract="true" name="MarineMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ProfessionalLiabilityMember" abstract="true" name="ProfessionalLiabilityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_MarineAndEnergy" abstract="false" name="MarineAndEnergy" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_AccidentHealth" abstract="false" name="AccidentHealth" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_MiscellaneousSpecialty" abstract="false" name="MiscellaneousSpecialty" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_SpecialtyAutomobile" abstract="false" name="SpecialtyAutomobile" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_NicheSpecialtyRisk" abstract="false" name="NicheSpecialtyRisk" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_NicheSpecialtyRisks" abstract="false" name="NicheSpecialtyRisks" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_PropertyMember" abstract="true" name="PropertyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_NicheSpecialtyRisksMember" abstract="true" name="NicheSpecialtyRisksMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_OtherProfessionalMember" abstract="true" name="OtherProfessionalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_EnvironmentalMember" abstract="true" name="EnvironmentalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_ReinsuranceMember" abstract="true" name="ReinsuranceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_SuretyMember" abstract="true" name="SuretyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_EmployeeStopLossTimeWhenBaseCommissionsRecognizedBeginAndEndInMonths" abstract="false" name="EmployeeStopLossTimeWhenBaseCommissionsRecognizedBeginAndEndInMonths" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ambc_ChangesInAccumulatedOtherComprehensiveIncomeRollForward" abstract="true" name="ChangesInAccumulatedOtherComprehensiveIncomeRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_CreditRiskChangesOfFairValueNetLossOnDiscontinuedOperation" abstract="false" name="CreditRiskChangesOfFairValueNetLossOnDiscontinuedOperation" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleOfEarningsPerShareTable" abstract="true" name="ScheduleOfEarningsPerShareTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_ScheduleOfEarningsPerShareLineItems" abstract="true" name="ScheduleOfEarningsPerShareLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_AdjustmentOfNCIToFairValue" abstract="false" name="AdjustmentOfNCIToFairValue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_NumeratorOfBasicAndDilutedEPS" abstract="false" name="NumeratorOfBasicAndDilutedEPS" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ProvisionforIncomeTaxesTable" abstract="true" name="ProvisionforIncomeTaxesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_ProvisionforIncomeTaxesLineItems" abstract="true" name="ProvisionforIncomeTaxesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_NetIncomeLossReconciliationTable" abstract="true" name="NetIncomeLossReconciliationTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_DeterminationDateAxis" abstract="true" name="DeterminationDateAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_DeterminationDateDomain" abstract="true" name="DeterminationDateDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ambc_NetIncomeLossReconciliationLineItems" abstract="true" name="NetIncomeLossReconciliationLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ambc_LossCarryforwardIndefiniteLife" abstract="false" name="LossCarryforwardIndefiniteLife" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ambc_ScheduleofIncomeBeforeIncomeTaxDomesticandForeignTable" abstract="true" name="ScheduleofIncomeBeforeIncomeTaxDomesticandForeignTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ambc_ScheduleofIncomeBeforeIncomeTaxDomesticandForeignLineItems" abstract="true" name="ScheduleofIncomeBeforeIncomeTaxDomesticandForeignLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
</xs:schema>
