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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiability" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiability_91983E5EBBA6C3F758B420CFE22669D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetFairValueGrossLiability_91983E5EBBA6C3F758B420CFE22669D6" xlink:to="lab_us-gaap_DerivativeAssetFairValueGrossLiability_91983E5EBBA6C3F758B420CFE22669D6" xlink:type="arc" />
    <link:label id="lab_us-gaap_EquityMethodInvestmentsFairValueDisclosure_B697A6A30DB8B8593A6620CFE2265D14_verboseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentsFairValueDisclosure_B697A6A30DB8B8593A6620CFE2265D14" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
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    <link:label id="lab_us-gaap_AssetsFairValueDisclosure_C03EB801E72D27E009EC20CFE2260472_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosure_C03EB801E72D27E009EC20CFE2260472" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial assets</link:label>
    <link:label id="lab_us-gaap_AssetsFairValueDisclosure_C03EB801E72D27E009EC20CFE2260472_label_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosure_C03EB801E72D27E009EC20CFE2260472" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Fair Value Disclosure</link:label>
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    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_5CF49DEA0B9E625C977B20CFE2267FD9_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_5CF49DEA0B9E625C977B20CFE2267FD9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities:</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_5CF49DEA0B9E625C977B20CFE2267FD9_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_5CF49DEA0B9E625C977B20CFE2267FD9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_37DB702D95975A83D9A920CFE2263339" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_2BF3543F3009A396102E20CFE2268ECA_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_2BF3543F3009A396102E20CFE2268ECA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability, Fair Value, Gross Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_2BF3543F3009A396102E20CFE2268ECA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GuaranteesFairValueDisclosure_070CA7AB58FC13692CFF20CFE2264DC9_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteesFairValueDisclosure_070CA7AB58FC13692CFF20CFE2264DC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities for net financial guarantees written</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GuaranteesFairValueDisclosure" xlink:label="loc_us-gaap_GuaranteesFairValueDisclosure_070CA7AB58FC13692CFF20CFE2264DC9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LongTermDebtFairValue_B5427B8957DC645B11D520CFE226DC32_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_B5427B8957DC645B11D520CFE226DC32" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_B5427B8957DC645B11D520CFE226DC32" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LiabilitiesFairValueDisclosure_2593F0318C2412C8ECC320CFE22B8ED9_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure_2593F0318C2412C8ECC320CFE22B8ED9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total financial liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesFairValueDisclosure_2593F0318C2412C8ECC320CFE22B8ED9_label_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure_2593F0318C2412C8ECC320CFE22B8ED9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial and Nonfinancial Liabilities, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosure_2593F0318C2412C8ECC320CFE22B8ED9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ScheduleOfGoodwillTable_D8E1B78A2073ABDD757A9A24806AC30E_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfGoodwillTable_D8E1B78A2073ABDD757A9A24806AC30E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Goodwill [Table]</link:label>
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    <link:label id="lab_ambc_DeferredCededPremiumsAndReinsuranceRecoverables_48C33F9BCCF46E1A9D6816AF2CCDFE94_documentation_en-US" xlink:label="lab_ambc_DeferredCededPremiumsAndReinsuranceRecoverables_6200D43F261F5A74B71F092425FD7E8B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Includes the unexpired portion of financial guarantee premiums ceded on policies as of the balance sheet date and reinsurance recoverables on claims or claim adjustment expense paid by the ceding insurer.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_DeferredCededPremiumsAndReinsuranceRecoverables_6200D43F261F5A74B71F092425FD7E8B" xlink:to="lab_ambc_DeferredCededPremiumsAndReinsuranceRecoverables_6200D43F261F5A74B71F092425FD7E8B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReinsurancePayable_8714967C84CA5635B13A16AF2CCE83BF_terseLabel_en-US" xlink:label="lab_us-gaap_ReinsurancePayable_22538F0BFB985A258F5BB9AA542CFA5D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reinsurance Payable</link:label>
    <link:label id="lab_us-gaap_ReinsurancePayable_8714967C84CA5635B13A16AF2CCE83BF_label_en-US" xlink:label="lab_us-gaap_ReinsurancePayable_22538F0BFB985A258F5BB9AA542CFA5D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reinsurance Payable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReinsurancePayable" xlink:label="loc_us-gaap_ReinsurancePayable_22538F0BFB985A258F5BB9AA542CFA5D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReinsurancePayable_22538F0BFB985A258F5BB9AA542CFA5D" xlink:to="lab_us-gaap_ReinsurancePayable_22538F0BFB985A258F5BB9AA542CFA5D" xlink:type="arc" />
    <link:label id="lab_ambc_DeferredAmountsandJuniorDeferredAmountsAccruedInterestRate_8D42961C7EB1E588787216AF2CCE5C29_verboseLabel_en-US" xlink:label="lab_ambc_DeferredAmountsandJuniorDeferredAmountsAccruedInterestRate_EBE9A5530E4258669F0B05AB6F3E1363" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued rate of interest on outstanding policy obligations (percent)</link:label>
    <link:label id="lab_ambc_DeferredAmountsandJuniorDeferredAmountsAccruedInterestRate_8D42961C7EB1E588787216AF2CCE5C29_label_en-US" xlink:label="lab_ambc_DeferredAmountsandJuniorDeferredAmountsAccruedInterestRate_EBE9A5530E4258669F0B05AB6F3E1363" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Amounts and Junior Deferred Amounts Accrued Interest Rate</link:label>
    <link:label id="lab_ambc_DeferredAmountsandJuniorDeferredAmountsAccruedInterestRate_8D42961C7EB1E588787216AF2CCE5C29_documentation_en-US" xlink:label="lab_ambc_DeferredAmountsandJuniorDeferredAmountsAccruedInterestRate_EBE9A5530E4258669F0B05AB6F3E1363" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reflects the effective interest rate on Deferred Amounts and Junior Deferred Amounts of the Segregated Account of Ambac as directed by the Rehabilitator of the Segregated Account.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_DeferredAmountsandJuniorDeferredAmountsAccruedInterestRate" xlink:label="loc_ambc_DeferredAmountsandJuniorDeferredAmountsAccruedInterestRate_EBE9A5530E4258669F0B05AB6F3E1363" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate_EEC179925149D922257816AF2CCE05A7_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate_F0E3979EB2565ABDB1B455563BD9FF93" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average risk-free interest rate</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate_EEC179925149D922257816AF2CCE05A7_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate_F0E3979EB2565ABDB1B455563BD9FF93" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Received over Contract Period, Premium Receivable, Weighted Average Risk Free Discount Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate_F0E3979EB2565ABDB1B455563BD9FF93" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_430C414056120FABCBF116AF2CCE3FD7_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_ED9F6F8715AA5137B18696335209F9A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average period of future premiums</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_430C414056120FABCBF116AF2CCE3FD7_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_ED9F6F8715AA5137B18696335209F9A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Received over Contract Period, Premium Receivable, Weighted Average Collection Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_ED9F6F8715AA5137B18696335209F9A8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_ED9F6F8715AA5137B18696335209F9A8" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_ED9F6F8715AA5137B18696335209F9A8" xlink:type="arc" />
    <link:label id="lab_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_6D0CDDE46EF32AF72A7E16AF2CCE7A24_terseLabel_en-US" xlink:label="lab_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_E516DA65BCEB5FFDB6920018EF5EBBFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transactions with non-investment grade internal ratings</link:label>
    <link:label id="lab_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_6D0CDDE46EF32AF72A7E16AF2CCE7A24_label_en-US" xlink:label="lab_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_E516DA65BCEB5FFDB6920018EF5EBBFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Premiums Receivable Related To Transactions With Non Investment Grade Internal Ratings</link:label>
    <link:label id="lab_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_6D0CDDE46EF32AF72A7E16AF2CCE7A24_documentation_en-US" xlink:label="lab_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_E516DA65BCEB5FFDB6920018EF5EBBFF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of financial guarantee premiums receivable related to insured transactions with non-investment grade internal ratings.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings" xlink:label="loc_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_E516DA65BCEB5FFDB6920018EF5EBBFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_E516DA65BCEB5FFDB6920018EF5EBBFF" xlink:to="lab_ambc_PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings_E516DA65BCEB5FFDB6920018EF5EBBFF" xlink:type="arc" />
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_6CEE7C619FDECBC7569D16AF2CCEDD8C_terseLabel_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_06CBFF82BCDA522687953950DA5AAA87" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-investment grade RMBS on total premiums receivable</link:label>
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_6CEE7C619FDECBC7569D16AF2CCEDD8C_label_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_06CBFF82BCDA522687953950DA5AAA87" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Premiums Receivable Related To Non Investment Grade Rmbs Transactions</link:label>
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_6CEE7C619FDECBC7569D16AF2CCEDD8C_documentation_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_06CBFF82BCDA522687953950DA5AAA87" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of financial guarantee premiums receivable related to RMBS insured transactions with non-investment grade internal ratings.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions" xlink:label="loc_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_06CBFF82BCDA522687953950DA5AAA87" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_06CBFF82BCDA522687953950DA5AAA87" xlink:to="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions_06CBFF82BCDA522687953950DA5AAA87" xlink:type="arc" />
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_E5208AAA8AA2C21D002D16AF2CCECC1E_terseLabel_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_FD30FF1BD7C45311B80CBB203247A2AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage Of Premiums Receivable Related To Non Investment Grade Structured Ins Transactions</link:label>
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_E5208AAA8AA2C21D002D16AF2CCECC1E_label_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_FD30FF1BD7C45311B80CBB203247A2AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Premiums Receivable Related To Non Investment Grade Structured Ins Transactions</link:label>
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_E5208AAA8AA2C21D002D16AF2CCECC1E_documentation_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_FD30FF1BD7C45311B80CBB203247A2AB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Of Premiums Receivable Related To Non Investment Grade Structured Ins Transactions</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions" xlink:label="loc_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_FD30FF1BD7C45311B80CBB203247A2AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_FD30FF1BD7C45311B80CBB203247A2AB" xlink:to="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStructuredInsTransactions_FD30FF1BD7C45311B80CBB203247A2AB" xlink:type="arc" />
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_47BA3F913E5FA89067F816AF2CCE09A7_terseLabel_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_610FDC24E24C5A669C6C486A6AC10296" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of student loan transactions on total premium receivables</link:label>
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_47BA3F913E5FA89067F816AF2CCE09A7_label_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_610FDC24E24C5A669C6C486A6AC10296" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Premiums Receivable Related To Student Loan Transactions</link:label>
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_47BA3F913E5FA89067F816AF2CCE09A7_documentation_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_610FDC24E24C5A669C6C486A6AC10296" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of financial guarantee premiums receivable related to Student Loan insured transactions with non-investment grade internal ratings.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions" xlink:label="loc_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_610FDC24E24C5A669C6C486A6AC10296" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_610FDC24E24C5A669C6C486A6AC10296" xlink:to="lab_ambc_PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions_610FDC24E24C5A669C6C486A6AC10296" xlink:type="arc" />
    <link:label id="lab_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_44429D06367E72E5CA6216AF2CCE78A2_verboseLabel_en-US" xlink:label="lab_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_E819DFBF4330526A8733697F01FB096B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Percentage related to asset-backed transaction</link:label>
    <link:label id="lab_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_44429D06367E72E5CA6216AF2CCE78A2_label_en-US" xlink:label="lab_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_E819DFBF4330526A8733697F01FB096B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Premiums Receivable Related To Asset Backed Transactions</link:label>
    <link:label id="lab_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_44429D06367E72E5CA6216AF2CCE78A2_documentation_en-US" xlink:label="lab_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_E819DFBF4330526A8733697F01FB096B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Premiums Receivable Related To Certain Asset Backed Transactions With Non Investment Grade Internal Rating</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions" xlink:label="loc_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_E819DFBF4330526A8733697F01FB096B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_E819DFBF4330526A8733697F01FB096B" xlink:to="lab_ambc_PercentagePremiumsReceivableRelatedToAssetBackedTransactions_E819DFBF4330526A8733697F01FB096B" xlink:type="arc" />
    <link:label id="lab_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts_5A4BBA417DB0317CF89816AF2CCEDFFE_terseLabel_en-US" xlink:label="lab_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts_96141E0F82D852BFB266234EB9F8AA7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Uncollectable premium receivables</link:label>
    <link:label id="lab_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts_5A4BBA417DB0317CF89816AF2CCEDFFE_label_en-US" xlink:label="lab_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts_96141E0F82D852BFB266234EB9F8AA7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Premiums Receivable, Allowance for Doubtful Accounts</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts" xlink:label="loc_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts_96141E0F82D852BFB266234EB9F8AA7D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts_96141E0F82D852BFB266234EB9F8AA7D" xlink:to="lab_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts_96141E0F82D852BFB266234EB9F8AA7D" xlink:type="arc" />
    <link:label id="lab_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_CC69B5B88B53894C6B1F16AF2CCE345E_verboseLabel_en-US" xlink:label="lab_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_56A1011E88A95918BC1EB38323BB1EEE" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Past due premiums on policies insuring non-investment grade obligations amount</link:label>
    <link:label id="lab_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_CC69B5B88B53894C6B1F16AF2CCE345E_label_en-US" xlink:label="lab_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_56A1011E88A95918BC1EB38323BB1EEE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Premiums Past Due On Non Investment Grade Obligation</link:label>
    <link:label id="lab_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_CC69B5B88B53894C6B1F16AF2CCE345E_documentation_en-US" xlink:label="lab_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_56A1011E88A95918BC1EB38323BB1EEE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Past due premiums on policies insuring internally rated non-investment grade obligations.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PremiumsPastDueOnNonInvestmentGradeObligation" xlink:label="loc_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_56A1011E88A95918BC1EB38323BB1EEE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_56A1011E88A95918BC1EB38323BB1EEE" xlink:to="lab_ambc_PremiumsPastDueOnNonInvestmentGradeObligation_56A1011E88A95918BC1EB38323BB1EEE" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount_FBD4D5A5E56855F2A26916AF2CCE1CD0_verboseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount_8AFFB3EB505C5C48B1431C0B062E01CF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accelerated premium revenue for retired obligations</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount_FBD4D5A5E56855F2A26916AF2CCE1CD0_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount_8AFFB3EB505C5C48B1431C0B062E01CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Accelerated Premium Revenue, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount_8AFFB3EB505C5C48B1431C0B062E01CF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount_8AFFB3EB505C5C48B1431C0B062E01CF" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount_8AFFB3EB505C5C48B1431C0B062E01CF" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_0FD9DA59EDD9CAFE6F9C16AF2CCE165B_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_66AC1813EEE65D759B3356657AF892B1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reinsurance recoveries of losses included in losses and loss expenses</link:label>
    <link:label id="lab_us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_0FD9DA59EDD9CAFE6F9C16AF2CCE165B_label_en-US" xlink:label="lab_us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_66AC1813EEE65D759B3356657AF892B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Policyholder Benefits and Claims Incurred, Ceded</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded" xlink:label="loc_us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_66AC1813EEE65D759B3356657AF892B1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_66AC1813EEE65D759B3356657AF892B1" xlink:to="lab_us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded_66AC1813EEE65D759B3356657AF892B1" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_61FD0442D996B64EB0AF16AF2CCE8B9D_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_F90E04CE846D5E539AD8AB843D8ADECF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average risk-free rate used to discount loss reserves</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_61FD0442D996B64EB0AF16AF2CCE8B9D_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_F90E04CE846D5E539AD8AB843D8ADECF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Claim Liability, Weighted Average Risk Free Discount Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_F90E04CE846D5E539AD8AB843D8ADECF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_F90E04CE846D5E539AD8AB843D8ADECF" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_F90E04CE846D5E539AD8AB843D8ADECF" xlink:type="arc" />
    <link:label id="lab_ambc_LossReservesCededToReinsurers_B3E1A27842C1476026AA16AF2CCE61DF_verboseLabel_en-US" xlink:label="lab_ambc_LossReservesCededToReinsurers_AE356CBFF962520EA009D82C2EFC2BB9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Losses and loss expense reserves ceded to reinsurers</link:label>
    <link:label id="lab_ambc_LossReservesCededToReinsurers_B3E1A27842C1476026AA16AF2CCE61DF_label_en-US" xlink:label="lab_ambc_LossReservesCededToReinsurers_AE356CBFF962520EA009D82C2EFC2BB9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Reserves Ceded To Reinsurers</link:label>
    <link:label id="lab_ambc_LossReservesCededToReinsurers_B3E1A27842C1476026AA16AF2CCE61DF_documentation_en-US" xlink:label="lab_ambc_LossReservesCededToReinsurers_AE356CBFF962520EA009D82C2EFC2BB9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The known and estimated amount recoverable as of the balance sheet date from reinsurers for claims expected to be paid or incurred by the ceding insurer.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_LossReservesCededToReinsurers" xlink:label="loc_ambc_LossReservesCededToReinsurers_AE356CBFF962520EA009D82C2EFC2BB9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_LossReservesCededToReinsurers_AE356CBFF962520EA009D82C2EFC2BB9" xlink:to="lab_ambc_LossReservesCededToReinsurers_AE356CBFF962520EA009D82C2EFC2BB9" xlink:type="arc" />
    <link:label id="lab_ambc_BalanceOfGrossRmbsSubrogationRecoveries_9FD3B510B7765AD25B0D16AF2CCE46B9_terseLabel_en-US" xlink:label="lab_ambc_BalanceOfGrossRmbsSubrogationRecoveries_AA6B8EF153DA5FF4BC7AB60F40F0457C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subrogation recoveries</link:label>
    <link:label id="lab_ambc_BalanceOfGrossRmbsSubrogationRecoveries_9FD3B510B7765AD25B0D16AF2CCE46B9_label_en-US" xlink:label="lab_ambc_BalanceOfGrossRmbsSubrogationRecoveries_AA6B8EF153DA5FF4BC7AB60F40F0457C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Of Gross Rmbs Subrogation Recoveries</link:label>
    <link:label id="lab_ambc_BalanceOfGrossRmbsSubrogationRecoveries_9FD3B510B7765AD25B0D16AF2CCE46B9_documentation_en-US" xlink:label="lab_ambc_BalanceOfGrossRmbsSubrogationRecoveries_AA6B8EF153DA5FF4BC7AB60F40F0457C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the reduction to gross claim liability for subrogation on insured RMBS financial obligations with credit deterioration.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_BalanceOfGrossRmbsSubrogationRecoveries" xlink:label="loc_ambc_BalanceOfGrossRmbsSubrogationRecoveries_AA6B8EF153DA5FF4BC7AB60F40F0457C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_BalanceOfGrossRmbsSubrogationRecoveries_AA6B8EF153DA5FF4BC7AB60F40F0457C" xlink:to="lab_ambc_BalanceOfGrossRmbsSubrogationRecoveries_AA6B8EF153DA5FF4BC7AB60F40F0457C" xlink:type="arc" />
    <link:label id="lab_ambc_BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance_0F2C6FEF96B1232A4CD416AF2CCF5137_terseLabel_en-US" xlink:label="lab_ambc_BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance_CBF1306DA83454D1AD77808D355DCA11" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subrogation recoveries, net of reinsurance</link:label>
    <link:label id="lab_ambc_BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance_0F2C6FEF96B1232A4CD416AF2CCF5137_label_en-US" xlink:label="lab_ambc_BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance_CBF1306DA83454D1AD77808D355DCA11" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Of Rmbs Subrogation Recoveries Net Of Reinsurance</link:label>
    <link:label id="lab_ambc_BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance_0F2C6FEF96B1232A4CD416AF2CCF5137_documentation_en-US" xlink:label="lab_ambc_BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance_CBF1306DA83454D1AD77808D355DCA11" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the reduction to gross claim liability for subrogation on insured RMBS financial obligations with credit deterioration, net of reinsurance.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance" xlink:label="loc_ambc_BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance_CBF1306DA83454D1AD77808D355DCA11" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AmortizationOfIntangibleAssets_0632F80308F8CD20C7C216AF2CCF1597_positiveLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfIntangibleAssets_470951E2740E5E97A3BDF4FF9A5F5903" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US">Intangible amortization expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="loc_us-gaap_AmortizationOfIntangibleAssets_470951E2740E5E97A3BDF4FF9A5F5903" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AmortizationOfIntangibleAssets_470951E2740E5E97A3BDF4FF9A5F5903" xlink:to="lab_us-gaap_AmortizationOfIntangibleAssets_470951E2740E5E97A3BDF4FF9A5F5903" xlink:type="arc" />
    <link:label id="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_47D98932278C8944B4A816AF2CCFCA35_terseLabel_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_558BD823951A54EDAC18F236F50470C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance intangible asset</link:label>
    <link:label id="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_47D98932278C8944B4A816AF2CCFCA35_label_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_558BD823951A54EDAC18F236F50470C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets, Net (Excluding Goodwill)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_558BD823951A54EDAC18F236F50470C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_558BD823951A54EDAC18F236F50470C2" xlink:to="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_558BD823951A54EDAC18F236F50470C2" xlink:type="arc" />
    <link:label id="lab_ambc_AccumulatedAmortizationOnIntangibleAsset_F542D6AED99ACE776F9C16AF2CCFD180_terseLabel_en-US" xlink:label="lab_ambc_AccumulatedAmortizationOnIntangibleAsset_8637B523851C57508376AAAFDF5530FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated amortization on insurance intangible asset</link:label>
    <link:label id="lab_ambc_AccumulatedAmortizationOnIntangibleAsset_F542D6AED99ACE776F9C16AF2CCFD180_label_en-US" xlink:label="lab_ambc_AccumulatedAmortizationOnIntangibleAsset_8637B523851C57508376AAAFDF5530FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Amortization On Intangible Asset</link:label>
    <link:label id="lab_ambc_AccumulatedAmortizationOnIntangibleAsset_F542D6AED99ACE776F9C16AF2CCFD180_documentation_en-US" xlink:label="lab_ambc_AccumulatedAmortizationOnIntangibleAsset_8637B523851C57508376AAAFDF5530FF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated Amortization on Intangible Asset</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_AccumulatedAmortizationOnIntangibleAsset" xlink:label="loc_ambc_AccumulatedAmortizationOnIntangibleAsset_8637B523851C57508376AAAFDF5530FF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_1D0338F921593CFD1E0916AF2CCF2C6A_terseLabel_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_60423472C0985EA0B1E34DDBB0E1668C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_1D0338F921593CFD1E0916AF2CCF2C6A_label_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_60423472C0985EA0B1E34DDBB0E1668C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_60423472C0985EA0B1E34DDBB0E1668C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LettersOfCreditOutstandingAmount_60423472C0985EA0B1E34DDBB0E1668C" xlink:to="lab_us-gaap_LettersOfCreditOutstandingAmount_60423472C0985EA0B1E34DDBB0E1668C" xlink:type="arc" />
    <link:label id="lab_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_9730E82CFB17BD89189416AF2CCF55CF_terseLabel_en-US" xlink:label="lab_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_8A7AC43EFC345EED8D12DBAA87229871" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of Premiums Receivable Related To Non Investment Grade Lease Securitizations</link:label>
    <link:label id="lab_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_9730E82CFB17BD89189416AF2CCF55CF_label_en-US" xlink:label="lab_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_8A7AC43EFC345EED8D12DBAA87229871" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of Premiums Receivable Related To Non Investment Grade Lease Securitizations</link:label>
    <link:label id="lab_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_9730E82CFB17BD89189416AF2CCF55CF_documentation_en-US" xlink:label="lab_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_8A7AC43EFC345EED8D12DBAA87229871" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of Premiums Receivable Related to Non Investment Grade Lease Securitizations</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations" xlink:label="loc_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_8A7AC43EFC345EED8D12DBAA87229871" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_8A7AC43EFC345EED8D12DBAA87229871" xlink:to="lab_ambc_PercentageofPremiumsReceivableRelatedToNonInvestmentGradeLeaseSecuritizations_8A7AC43EFC345EED8D12DBAA87229871" xlink:type="arc" />
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStudentLoanTransactions_6D55B25DD2A9729D9C6116AF2CCF6226_terseLabel_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStudentLoanTransactions_EF43B710C4AE5495B6CD4BCF6028EA94" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage Of Premiums Receivable Related To Non Investment Grade Student Loan Transactions</link:label>
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStudentLoanTransactions_6D55B25DD2A9729D9C6116AF2CCF6226_label_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStudentLoanTransactions_EF43B710C4AE5495B6CD4BCF6028EA94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Premiums Receivable Related To Non Investment Grade Student Loan Transactions</link:label>
    <link:label id="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStudentLoanTransactions_6D55B25DD2A9729D9C6116AF2CCF6226_documentation_en-US" xlink:label="lab_ambc_PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeStudentLoanTransactions_EF43B710C4AE5495B6CD4BCF6028EA94" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of financial guarantee premiums receivable related to Student Loan insured transactions with non-investment grade internal ratings.</link:label>
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    <link:label id="lab_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_8D140FCF889F30D9CBBDC68DC42D0BD2_negatedTerseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_2C7AEAD2BB8E5F1CA96746D698E158B9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Or Liability Deconsolidation Of Vies</link:label>
    <link:label id="lab_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_8D140FCF889F30D9CBBDC68DC42D0BD2_label_en-US" xlink:label="lab_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_2C7AEAD2BB8E5F1CA96746D698E158B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Or Liability Deconsolidation Of Vies</link:label>
    <link:label id="lab_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_8D140FCF889F30D9CBBDC68DC42D0BD2_documentation_en-US" xlink:label="lab_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_2C7AEAD2BB8E5F1CA96746D698E158B9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value of financial instruments measured on a recurring basis using unobservable inputs removed as a result of the deconsolidation of variable interest entities.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies" xlink:label="loc_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_2C7AEAD2BB8E5F1CA96746D698E158B9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_2C7AEAD2BB8E5F1CA96746D698E158B9" xlink:to="lab_ambc_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityDeconsolidationOfVies_2C7AEAD2BB8E5F1CA96746D698E158B9" xlink:type="arc" />
    <link:label id="lab_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_93D64B23007E9F234DD4C68DC42D404C_terseLabel_en-US" xlink:label="lab_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_B4E8EC9D5BC55C68AE7CA1C8D7FD66BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Asset Or Liability Measured On Recurring Basis Change In Unrealized Gains Losses Still Held</link:label>
    <link:label id="lab_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_93D64B23007E9F234DD4C68DC42D404C_label_en-US" xlink:label="lab_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_B4E8EC9D5BC55C68AE7CA1C8D7FD66BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Asset Or Liability Measured On Recurring Basis Change In Unrealized Gains Losses Still Held</link:label>
    <link:label id="lab_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_93D64B23007E9F234DD4C68DC42D404C_documentation_en-US" xlink:label="lab_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_B4E8EC9D5BC55C68AE7CA1C8D7FD66BB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of gains or losses included in earnings attributable to unrealized gains or losses on financial instruments measured on a recurring basis using unobservable inputs that are still held at the reporting date.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld" xlink:label="loc_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_B4E8EC9D5BC55C68AE7CA1C8D7FD66BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_B4E8EC9D5BC55C68AE7CA1C8D7FD66BB" xlink:to="lab_ambc_FairValueAssetOrLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainsLossesStillHeld_B4E8EC9D5BC55C68AE7CA1C8D7FD66BB" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimCash_3D0DE71CCD781174DE0BED2A97662DFB_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash_F80B04D5A9DF57FD90785EDEE0651577" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value of right to reclaim cash collateral and posted margin, recorded in "Other assets"</link:label>
    <link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimCash_3D0DE71CCD781174DE0BED2A97662DFB_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash_F80B04D5A9DF57FD90785EDEE0651577" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Collateral, Right to Reclaim Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_F80B04D5A9DF57FD90785EDEE0651577" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralRightToReclaimCash_F80B04D5A9DF57FD90785EDEE0651577" xlink:to="lab_us-gaap_DerivativeCollateralRightToReclaimCash_F80B04D5A9DF57FD90785EDEE0651577" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnCash_89181BAA97825F5C4943ED2A9766466D_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnCash_FFF28E7CD67E56F4B5D074A39770ACD0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value of obligation to return cash collateral, recorded in "Other liabilities"</link:label>
    <link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnCash_89181BAA97825F5C4943ED2A9766466D_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnCash_FFF28E7CD67E56F4B5D074A39770ACD0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Collateral, Obligation to Return Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnCash" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnCash_FFF28E7CD67E56F4B5D074A39770ACD0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralObligationToReturnCash_FFF28E7CD67E56F4B5D074A39770ACD0" xlink:to="lab_us-gaap_DerivativeCollateralObligationToReturnCash_FFF28E7CD67E56F4B5D074A39770ACD0" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesTriggeringCircumstances_7A073269B56797F03D2DED2A976638D4_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesTriggeringCircumstances_422D8C9901C158DEA70A72AD7DD771D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of outstanding credit derivative transactions include ratings based collateral-posting triggers</link:label>
    <link:label id="lab_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesTriggeringCircumstances_7A073269B56797F03D2DED2A976638D4_label_en-US" xlink:label="lab_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesTriggeringCircumstances_422D8C9901C158DEA70A72AD7DD771D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Credit Risk Related Contingent Features, Triggering Circumstances</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeCreditRiskRelatedContingentFeaturesTriggeringCircumstances" xlink:label="loc_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesTriggeringCircumstances_422D8C9901C158DEA70A72AD7DD771D9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesTriggeringCircumstances_422D8C9901C158DEA70A72AD7DD771D9" xlink:to="lab_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesTriggeringCircumstances_422D8C9901C158DEA70A72AD7DD771D9" xlink:type="arc" />
    <link:label id="lab_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_41ADF65AEAE101259367ED2A97669B08_terseLabel_en-US" xlink:label="lab_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_6B85E75F09F95BB698E9AF5FBC790351" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of credit derivative contracts</link:label>
    <link:label id="lab_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_41ADF65AEAE101259367ED2A97669B08_label_en-US" xlink:label="lab_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_6B85E75F09F95BB698E9AF5FBC790351" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Credit Derivative Contracts On Adversely Classified Credit Listing</link:label>
    <link:label id="lab_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_41ADF65AEAE101259367ED2A97669B08_documentation_en-US" xlink:label="lab_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_6B85E75F09F95BB698E9AF5FBC790351" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Credit Derivative Contracts on adversely classified credit listing.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing" xlink:label="loc_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_6B85E75F09F95BB698E9AF5FBC790351" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_6B85E75F09F95BB698E9AF5FBC790351" xlink:to="lab_ambc_NumberOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_6B85E75F09F95BB698E9AF5FBC790351" xlink:type="arc" />
    <link:label id="lab_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_2AF64381689BDE19ED0DED2A976649E5_terseLabel_en-US" xlink:label="lab_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_425A59F2E7C15B3085502E7805BB453F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net liability fair value of credit derivative contracts</link:label>
    <link:label id="lab_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_2AF64381689BDE19ED0DED2A976649E5_label_en-US" xlink:label="lab_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_425A59F2E7C15B3085502E7805BB453F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability Fair Value For Credit Derivative Contracts On Adversely Classified Credit Listing</link:label>
    <link:label id="lab_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_2AF64381689BDE19ED0DED2A976649E5_documentation_en-US" xlink:label="lab_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_425A59F2E7C15B3085502E7805BB453F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative Liability Fair Value For Credit Derivative Contracts On Adversely Classified Credit Listing</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing" xlink:label="loc_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_425A59F2E7C15B3085502E7805BB453F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_425A59F2E7C15B3085502E7805BB453F" xlink:to="lab_ambc_DerivativeLiabilityFairValueForCreditDerivativeContractsOnAdverselyClassifiedCreditListing_425A59F2E7C15B3085502E7805BB453F" xlink:type="arc" />
    <link:label id="lab_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_94D5F1F23CAF4DE7638FED2A97663CA6_terseLabel_en-US" xlink:label="lab_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_01683F25675456C3AC7CC6AEE1C30E32" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notional value of credit derivative contracts</link:label>
    <link:label id="lab_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_94D5F1F23CAF4DE7638FED2A97663CA6_label_en-US" xlink:label="lab_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_01683F25675456C3AC7CC6AEE1C30E32" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional Principal Outstanding Of Credit Derivative Contracts On Adversely Classified Credit Listing</link:label>
    <link:label id="lab_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_94D5F1F23CAF4DE7638FED2A97663CA6_documentation_en-US" xlink:label="lab_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_01683F25675456C3AC7CC6AEE1C30E32" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notional principal outstanding of Credit Derivative Contracts on adversely classified credit listing.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing" xlink:label="loc_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_01683F25675456C3AC7CC6AEE1C30E32" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_01683F25675456C3AC7CC6AEE1C30E32" xlink:to="lab_ambc_NotionalPrincipalOutstandingOfCreditDerivativeContractsOnAdverselyClassifiedCreditListing_01683F25675456C3AC7CC6AEE1C30E32" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_95E8F6EAA29FF09BE80DED2A9766BD29_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_B73B3429AB7A5754818E5283FD8E4C12" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gains in change in fair value of the call options</link:label>
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_95E8F6EAA29FF09BE80DED2A9766BD29_label_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_B73B3429AB7A5754818E5283FD8E4C12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Gain (Loss) on Derivative, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_B73B3429AB7A5754818E5283FD8E4C12" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeGainLossOnDerivativeNet_B73B3429AB7A5754818E5283FD8E4C12" xlink:to="lab_us-gaap_DerivativeGainLossOnDerivativeNet_B73B3429AB7A5754818E5283FD8E4C12" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_C90578FE8EADD8CA6209ED2A97662E34_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_64773847A5ED515E81C7A1D5BD2D0CF8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net liability fair value of all derivative instruments linked to Ambac's own credit risk</link:label>
    <link:label id="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_C90578FE8EADD8CA6209ED2A97662E34_label_en-US" xlink:label="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_64773847A5ED515E81C7A1D5BD2D0CF8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Net Liability Position, Aggregate Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:label="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_64773847A5ED515E81C7A1D5BD2D0CF8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_64773847A5ED515E81C7A1D5BD2D0CF8" xlink:to="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_64773847A5ED515E81C7A1D5BD2D0CF8" xlink:type="arc" />
    <link:label id="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_FC05B34D63BB6D1EB67FED2A9766E334_terseLabel_en-US" xlink:label="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_016151079C5A5A67B56EF54D2A1A2A45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of posted assets as collateral</link:label>
    <link:label id="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_FC05B34D63BB6D1EB67FED2A9766E334_label_en-US" xlink:label="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_016151079C5A5A67B56EF54D2A1A2A45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collateral Already Posted, Aggregate Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CollateralAlreadyPostedAggregateFairValue" xlink:label="loc_us-gaap_CollateralAlreadyPostedAggregateFairValue_016151079C5A5A67B56EF54D2A1A2A45" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralAlreadyPostedAggregateFairValue_016151079C5A5A67B56EF54D2A1A2A45" xlink:to="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_016151079C5A5A67B56EF54D2A1A2A45" xlink:type="arc" />
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    <link:label id="lab_ambc_ScheduleOfBalanceOfSubrogationRecoveriesAndRelatedClaimLiabilitiesByEstimationApproachTable_ACF6F48C64FBCB72E780ED2A9988AA55_documentation_en-US" xlink:label="lab_ambc_ScheduleOfBalanceOfSubrogationRecoveriesAndRelatedClaimLiabilitiesByEstimationApproachTable_1E98E758966F5AF0912BD45900E2C06E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of balance of subrogation recoveries and related claim liabilities by estimation approach.</link:label>
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    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesBeforeSubrogationRecoveries_D7A45B397C3A6E11DBCCED2A99885E88_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesBeforeSubrogationRecoveries_7710B38D297F524C9E92DE4416CFF55C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the related gross claim liability for RMBS financial guarantee insurance contracts with credit deterioration that have estimated subrogation recoveries.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesBeforeSubrogationRecoveries" xlink:label="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesBeforeSubrogationRecoveries_7710B38D297F524C9E92DE4416CFF55C" xlink:type="locator" />
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    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation_423ABCAA3514B6276579ED2A9988C9A0_terseLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation_C94CB0C1629B5627B9614AC7793E3F0D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subrogation recoveries</link:label>
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    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesAfterSubrogationRecoveries_207840A04FAA7BD85689ED2A99881A2E_totalLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesAfterSubrogationRecoveries_5812305779555ACBB7CD01868846082C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gross loss reserve after subrogation recoveries</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesAfterSubrogationRecoveries_207840A04FAA7BD85689ED2A99881A2E_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesAfterSubrogationRecoveries_5812305779555ACBB7CD01868846082C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Rmbs Gross Claim Liabilities After Subrogation Recoveries</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesAfterSubrogationRecoveries_207840A04FAA7BD85689ED2A99881A2E_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRmbsGrossClaimLiabilitiesAfterSubrogationRecoveries_5812305779555ACBB7CD01868846082C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the related gross claim liability net of subrogation recoveries for RMBS financial guarantee insurance contracts with credit deterioration that have estimated subrogation recoveries.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_AfsMember_27F46FCB2AA25240B7B34654AAAB0ECA" xlink:to="lab_ambc_AfsMember_27F46FCB2AA25240B7B34654AAAB0ECA" xlink:type="arc" />
    <link:label id="lab_us-gaap_BasisSwapMember_B7F1EA1964C6E2721EDDED2A98EC5B7B_terseLabel_en-US" xlink:label="lab_us-gaap_BasisSwapMember_B8E896C0D26D58059F6E5FF1EF60CD22" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Swaps-Basis Swaps [Member]</link:label>
    <link:label id="lab_us-gaap_BasisSwapMember_B7F1EA1964C6E2721EDDED2A98EC5B7B_label_en-US" xlink:label="lab_us-gaap_BasisSwapMember_B8E896C0D26D58059F6E5FF1EF60CD22" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basis Swap [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BasisSwapMember" xlink:label="loc_us-gaap_BasisSwapMember_B8E896C0D26D58059F6E5FF1EF60CD22" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BasisSwapMember_B8E896C0D26D58059F6E5FF1EF60CD22" xlink:to="lab_us-gaap_BasisSwapMember_B8E896C0D26D58059F6E5FF1EF60CD22" xlink:type="arc" />
    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_D753EE7207831A51F1B8ED2A9B4D0127_label_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_8A1897D0C337565685587E821D579BBB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_8A1897D0C337565685587E821D579BBB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_8A1897D0C337565685587E821D579BBB" xlink:to="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_8A1897D0C337565685587E821D579BBB" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_97D876D88A5E328D9BFFED2A9B4D9205_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_9D9B6FBFC79E5B6D9D8A8358A0DA475F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Variable Interest Entities [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_97D876D88A5E328D9BFFED2A9B4D9205_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_9D9B6FBFC79E5B6D9D8A8358A0DA475F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Variable Interest Entities [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_9D9B6FBFC79E5B6D9D8A8358A0DA475F" xlink:type="locator" />
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    <link:label id="lab_ambc_OtherConsumerAssetBackedMember_6E3566466F3AB2B79327ED2A9B4D2FFE_terseLabel_en-US" xlink:label="lab_ambc_OtherConsumerAssetBackedMember_BA50C77BED525872A9371EFCC6F11F28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Consumer Asset-Backed [Member]</link:label>
    <link:label id="lab_ambc_OtherConsumerAssetBackedMember_6E3566466F3AB2B79327ED2A9B4D2FFE_label_en-US" xlink:label="lab_ambc_OtherConsumerAssetBackedMember_BA50C77BED525872A9371EFCC6F11F28" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Consumer Asset Backed [Member]</link:label>
    <link:label id="lab_ambc_OtherConsumerAssetBackedMember_6E3566466F3AB2B79327ED2A9B4D2FFE_documentation_en-US" xlink:label="lab_ambc_OtherConsumerAssetBackedMember_BA50C77BED525872A9371EFCC6F11F28" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other consumer asset-backed.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_OtherConsumerAssetBackedMember" xlink:label="loc_ambc_OtherConsumerAssetBackedMember_BA50C77BED525872A9371EFCC6F11F28" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_OtherConsumerAssetBackedMember_BA50C77BED525872A9371EFCC6F11F28" xlink:to="lab_ambc_OtherConsumerAssetBackedMember_BA50C77BED525872A9371EFCC6F11F28" xlink:type="arc" />
    <link:label id="lab_ambc_OtherCommercialAssetBackedMember_4897EAB8D992528334AFED2A9B4D630B_terseLabel_en-US" xlink:label="lab_ambc_OtherCommercialAssetBackedMember_93F42AC749E45C61B7ED0CA78D633617" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Commercial Asset-Backed [Member]</link:label>
    <link:label id="lab_ambc_OtherCommercialAssetBackedMember_4897EAB8D992528334AFED2A9B4D630B_label_en-US" xlink:label="lab_ambc_OtherCommercialAssetBackedMember_93F42AC749E45C61B7ED0CA78D633617" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Commercial Asset Backed [Member]</link:label>
    <link:label id="lab_ambc_OtherCommercialAssetBackedMember_4897EAB8D992528334AFED2A9B4D630B_documentation_en-US" xlink:label="lab_ambc_OtherCommercialAssetBackedMember_93F42AC749E45C61B7ED0CA78D633617" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other commercial asset.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_OtherCommercialAssetBackedMember" xlink:label="loc_ambc_OtherCommercialAssetBackedMember_93F42AC749E45C61B7ED0CA78D633617" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_OtherCommercialAssetBackedMember_93F42AC749E45C61B7ED0CA78D633617" xlink:to="lab_ambc_OtherCommercialAssetBackedMember_93F42AC749E45C61B7ED0CA78D633617" xlink:type="arc" />
    <link:label id="lab_ambc_GlobalStructuredFinanceMember_A69FD869A0AE2B8D86B6ED2A9B4DA9E4_terseLabel_en-US" xlink:label="lab_ambc_GlobalStructuredFinanceMember_58D29473315059F0A2060594CD919267" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Global Structured Finance [Member]</link:label>
    <link:label id="lab_ambc_GlobalStructuredFinanceMember_A69FD869A0AE2B8D86B6ED2A9B4DA9E4_label_en-US" xlink:label="lab_ambc_GlobalStructuredFinanceMember_58D29473315059F0A2060594CD919267" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Structured Finance [Member]</link:label>
    <link:label id="lab_ambc_GlobalStructuredFinanceMember_A69FD869A0AE2B8D86B6ED2A9B4DA9E4_documentation_en-US" xlink:label="lab_ambc_GlobalStructuredFinanceMember_58D29473315059F0A2060594CD919267" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global structured finance.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_GlobalStructuredFinanceMember" xlink:label="loc_ambc_GlobalStructuredFinanceMember_58D29473315059F0A2060594CD919267" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_GlobalStructuredFinanceMember_58D29473315059F0A2060594CD919267" xlink:to="lab_ambc_GlobalStructuredFinanceMember_58D29473315059F0A2060594CD919267" xlink:type="arc" />
    <link:label id="lab_ambc_GlobalPublicFinanceMember_2ED622DF8163C61FDD21ED2A9B4D88FD_terseLabel_en-US" xlink:label="lab_ambc_GlobalPublicFinanceMember_D869AB71FE2C519BB95B9160AAC66ABD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Global Public Finance [Member]</link:label>
    <link:label id="lab_ambc_GlobalPublicFinanceMember_2ED622DF8163C61FDD21ED2A9B4D88FD_label_en-US" xlink:label="lab_ambc_GlobalPublicFinanceMember_D869AB71FE2C519BB95B9160AAC66ABD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Public Finance [Member]</link:label>
    <link:label id="lab_ambc_GlobalPublicFinanceMember_2ED622DF8163C61FDD21ED2A9B4D88FD_documentation_en-US" xlink:label="lab_ambc_GlobalPublicFinanceMember_D869AB71FE2C519BB95B9160AAC66ABD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global public finance.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_GlobalPublicFinanceMember" xlink:label="loc_ambc_GlobalPublicFinanceMember_D869AB71FE2C519BB95B9160AAC66ABD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_GlobalPublicFinanceMember_D869AB71FE2C519BB95B9160AAC66ABD" xlink:to="lab_ambc_GlobalPublicFinanceMember_D869AB71FE2C519BB95B9160AAC66ABD" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityLineItems_AD67EB7E4E372E70139DED2A9B4D061F_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_3A1B4F250AF55CA1AAA5393A7339638F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Interest Entities [Line Items]</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityLineItems_AD67EB7E4E372E70139DED2A9B4D061F_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_3A1B4F250AF55CA1AAA5393A7339638F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_3A1B4F250AF55CA1AAA5393A7339638F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3A1B4F250AF55CA1AAA5393A7339638F" xlink:to="lab_us-gaap_VariableInterestEntityLineItems_3A1B4F250AF55CA1AAA5393A7339638F" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_E9D910D47A84F331DD4FED2A9B4D7724_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_760B206F94985EDB877D6962505A844F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum Exposure To Loss</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_E9D910D47A84F331DD4FED2A9B4D7724_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_760B206F94985EDB877D6962505A844F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_760B206F94985EDB877D6962505A844F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_760B206F94985EDB877D6962505A844F" xlink:to="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_760B206F94985EDB877D6962505A844F" xlink:type="arc" />
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_67BE45FA2DE4DDBDFF12ED2A9B4D4BF0_terseLabel_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_4A3DE1CC85935A4F88C5A17398579AFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance Assets</link:label>
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_67BE45FA2DE4DDBDFF12ED2A9B4D4BF0_label_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_4A3DE1CC85935A4F88C5A17398579AFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity Nonconsolidated Carrying Amount Insurance Assets</link:label>
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_67BE45FA2DE4DDBDFF12ED2A9B4D4BF0_documentation_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_4A3DE1CC85935A4F88C5A17398579AFE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The carrying amount of insurance assets in the reporting entity's statement of financial position that relate to the entity's variable interests in Variable Interest Entities (VIEs) where the VIEs are not consolidated.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets" xlink:label="loc_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_4A3DE1CC85935A4F88C5A17398579AFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_4A3DE1CC85935A4F88C5A17398579AFE" xlink:to="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets_4A3DE1CC85935A4F88C5A17398579AFE" xlink:type="arc" />
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_AB5DF3638B3CE1FF58C1ED2A9B4DE6AB_terseLabel_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_F3C5285941DD50D18383BF2D56A62618" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance Liabilities</link:label>
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_AB5DF3638B3CE1FF58C1ED2A9B4DE6AB_label_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_F3C5285941DD50D18383BF2D56A62618" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity Nonconsolidated Carrying Amount Insurance Liabilities</link:label>
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_AB5DF3638B3CE1FF58C1ED2A9B4DE6AB_documentation_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_F3C5285941DD50D18383BF2D56A62618" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The carrying amount of insurance liabilities in the reporting entity's statement of financial position that relate to the entity's variable interests in Variable Interest Entities (VIEs) where the VIEs are not consolidated.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities" xlink:label="loc_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_F3C5285941DD50D18383BF2D56A62618" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_F3C5285941DD50D18383BF2D56A62618" xlink:to="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities_F3C5285941DD50D18383BF2D56A62618" xlink:type="arc" />
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_235B757BA5E4A8BF7B70ED2A9B4DB1CD_terseLabel_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_2DC91FDD0F085D11BC86BA6A7275FD98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Liabilities</link:label>
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_235B757BA5E4A8BF7B70ED2A9B4DB1CD_label_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_2DC91FDD0F085D11BC86BA6A7275FD98" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity Nonconsolidated Carrying Amount Derivative Net Assets Or Liabilities</link:label>
    <link:label id="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_235B757BA5E4A8BF7B70ED2A9B4DB1CD_documentation_en-US" xlink:label="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_2DC91FDD0F085D11BC86BA6A7275FD98" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net carrying amount of derivative assets or liabilities in the reporting entity's statement of financial position that relate to the entity's variable interests in Variable Interest Entities (VIEs) where the VIEs are not consolidated.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities" xlink:label="loc_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_2DC91FDD0F085D11BC86BA6A7275FD98" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_2DC91FDD0F085D11BC86BA6A7275FD98" xlink:to="lab_ambc_VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities_2DC91FDD0F085D11BC86BA6A7275FD98" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_59FB70BCFCD2135916251ACCE3897D91_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_59FB70BCFCD2135916251ACCE3897D91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_59FB70BCFCD2135916251ACCE3897D91" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_59FB70BCFCD2135916251ACCE3897D91" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract_59FB70BCFCD2135916251ACCE3897D91" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentAxis_8F4216A6AF7CB0FF62FB1ACCE389FFAD_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis_8F4216A6AF7CB0FF62FB1ACCE389FFAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_D66889A56494F8CC19F01ACCE38B7B76_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_D66889A56494F8CC19F01ACCE38B7B76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales of other invested assets</link:label>
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    <link:label id="lab_us-gaap_PrepaidReinsurancePremiums_DB4025D60701DF23B9F81ACCE402313E_terseLabel_en-US" xlink:label="lab_us-gaap_PrepaidReinsurancePremiums_DB4025D60701DF23B9F81ACCE402313E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred ceded premium</link:label>
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    <link:label id="lab_ambc_PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_64075683D874DB37F14B6A4B67E1EA0C_label_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_11A402D17F605B3BAF999F755BB98F1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Credit Derivatives Gross Par Outstanding Using Third Party Reference Obligation Quotes In Determination Of Fair Value</link:label>
    <link:label id="lab_ambc_PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_64075683D874DB37F14B6A4B67E1EA0C_documentation_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_11A402D17F605B3BAF999F755BB98F1D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of credit derivatives gross par outstanding using third party reference obligation quotes in determination of fair value.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue" xlink:label="loc_ambc_PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_11A402D17F605B3BAF999F755BB98F1D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_11A402D17F605B3BAF999F755BB98F1D" xlink:to="lab_ambc_PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_11A402D17F605B3BAF999F755BB98F1D" xlink:type="arc" />
    <link:label id="lab_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_EFCEB452C7181341AF566A4B67E1C871_terseLabel_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_0A127F4DE5DE5919AF20DF6649DBDAE4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of CDS derivative liability used in the determination of CDS fair values</link:label>
    <link:label id="lab_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_EFCEB452C7181341AF566A4B67E1C871_label_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_0A127F4DE5DE5919AF20DF6649DBDAE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Credit Derivatives Liability Using Third Party Reference Obligation Quotes In Determination Of Fair Value</link:label>
    <link:label id="lab_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_EFCEB452C7181341AF566A4B67E1C871_documentation_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_0A127F4DE5DE5919AF20DF6649DBDAE4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of credit derivatives liability using third party reference obligation quotes ion determination of fair value.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue" xlink:label="loc_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_0A127F4DE5DE5919AF20DF6649DBDAE4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_0A127F4DE5DE5919AF20DF6649DBDAE4" xlink:to="lab_ambc_PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue_0A127F4DE5DE5919AF20DF6649DBDAE4" xlink:type="arc" />
    <link:label id="lab_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_3333534F50F809FA91246A4B67E1CE95_terseLabel_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_B6364C2ED51D534382E85DD81E2CD073" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of CDS gross par outstanding using internally estimated reference obligation prices in determination of fair value</link:label>
    <link:label id="lab_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_3333534F50F809FA91246A4B67E1CE95_label_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_B6364C2ED51D534382E85DD81E2CD073" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Credit Derivative Gross Par Outstanding Using Internally Estimated Reference Obligation Prices In Determination Of Fair Value</link:label>
    <link:label id="lab_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_3333534F50F809FA91246A4B67E1CE95_documentation_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_B6364C2ED51D534382E85DD81E2CD073" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of credit derivative gross par outstanding using internally estimated reference obligation prices in determination of fair value.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue" xlink:label="loc_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_B6364C2ED51D534382E85DD81E2CD073" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_B6364C2ED51D534382E85DD81E2CD073" xlink:to="lab_ambc_PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_B6364C2ED51D534382E85DD81E2CD073" xlink:type="arc" />
    <link:label id="lab_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_836810EA5E753B3F986D6A4B67E2B762_terseLabel_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_E5F58E1AA89E53A282D6E41E3F285ED4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of CDS liability using internally estimated reference obligation prices in determination of fair value</link:label>
    <link:label id="lab_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_836810EA5E753B3F986D6A4B67E2B762_label_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_E5F58E1AA89E53A282D6E41E3F285ED4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Credit Derivative Liability Using Internally Estimated Reference Obligation Prices In Determination Of Fair Value</link:label>
    <link:label id="lab_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_836810EA5E753B3F986D6A4B67E2B762_documentation_en-US" xlink:label="lab_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_E5F58E1AA89E53A282D6E41E3F285ED4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of credit derivative liability using internally estimated reference obligation prices in determination of fair value.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue" xlink:label="loc_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_E5F58E1AA89E53A282D6E41E3F285ED4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_E5F58E1AA89E53A282D6E41E3F285ED4" xlink:to="lab_ambc_PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue_E5F58E1AA89E53A282D6E41E3F285ED4" xlink:type="arc" />
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2DE82CC9E534CB1453CA6A4B67E2271B_terseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2AB063CC53C851968CD5EBFB861B6040" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis point fee received for issuing a CDS on reference obligation base fee</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2DE82CC9E534CB1453CA6A4B67E2271B_label_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2AB063CC53C851968CD5EBFB861B6040" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement Process Description For Credit Derivatives Base Fee</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2DE82CC9E534CB1453CA6A4B67E2271B_documentation_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2AB063CC53C851968CD5EBFB861B6040" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hypothetical base fee received on a credit derivative contract used in the description of the valuation processes in place for fair value measurement of credit derivatives.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee" xlink:label="loc_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2AB063CC53C851968CD5EBFB861B6040" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2AB063CC53C851968CD5EBFB861B6040" xlink:to="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseFee_2AB063CC53C851968CD5EBFB861B6040" xlink:type="arc" />
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_532B268C6EC446E63B7B6A4B67E25632_terseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_42B5EE550A8C5B3892F9DC252DDDDC67" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit spread of reference obligation of a base transaction</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_532B268C6EC446E63B7B6A4B67E25632_label_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_42B5EE550A8C5B3892F9DC252DDDDC67" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement Process Description For Credit Derivatives Base Reference Obligation Spread</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_532B268C6EC446E63B7B6A4B67E25632_documentation_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_42B5EE550A8C5B3892F9DC252DDDDC67" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hypothetical base reference obligation spread used in the description of the valuation processes in place for fair value measurement of credit derivatives.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread" xlink:label="loc_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_42B5EE550A8C5B3892F9DC252DDDDC67" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_42B5EE550A8C5B3892F9DC252DDDDC67" xlink:to="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseReferenceObligationSpread_42B5EE550A8C5B3892F9DC252DDDDC67" xlink:type="arc" />
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_E01C0502BC13280D2B1A6A4B67E2EC5A_terseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_2EE3E36A49425958AC0101E15C34D033" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Relative change ratio of CDS fee to cash market spread</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_E01C0502BC13280D2B1A6A4B67E2EC5A_label_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_2EE3E36A49425958AC0101E15C34D033" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement Process Description For Credit Derivatives Base Relative Change Ratio</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_E01C0502BC13280D2B1A6A4B67E2EC5A_documentation_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_2EE3E36A49425958AC0101E15C34D033" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hypothetical base relative change ratio for a credit derivative contract used in the description of the valuation processes in place for fair value measurement of credit derivatives.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio" xlink:label="loc_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_2EE3E36A49425958AC0101E15C34D033" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_2EE3E36A49425958AC0101E15C34D033" xlink:to="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesBaseRelativeChangeRatio_2EE3E36A49425958AC0101E15C34D033" xlink:type="arc" />
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesFullRelativeChangeRatio_D592F74FD23B6FBDDD0A6A4B67E25C5F_terseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesFullRelativeChangeRatio_068CB5BAB99D5FA5982FBF618151B608" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Full relative change ratio of CDS fee to cash market spread</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesFullRelativeChangeRatio_D592F74FD23B6FBDDD0A6A4B67E25C5F_label_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesFullRelativeChangeRatio_068CB5BAB99D5FA5982FBF618151B608" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement Process Description For Credit Derivatives Full Relative Change Ratio</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesFullRelativeChangeRatio_D592F74FD23B6FBDDD0A6A4B67E25C5F_documentation_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesFullRelativeChangeRatio_068CB5BAB99D5FA5982FBF618151B608" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Full relative change ratio comparable to certain default used in the description of the valuation processes in place for fair value measurement of credit derivative.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesFullRelativeChangeRatio" xlink:label="loc_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesFullRelativeChangeRatio_068CB5BAB99D5FA5982FBF618151B608" xlink:type="locator" />
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    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFee_6566BB0CE5AAA5DBB9F76A4B67E2F894_terseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFee_363FE733607E51A6834760DD67A6B83A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis point fee received for issuing a CDS on reference obligation hypothetical fee</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFee_6566BB0CE5AAA5DBB9F76A4B67E2F894_label_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFee_363FE733607E51A6834760DD67A6B83A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement Process Description For Credit Derivatives Revised Hypothetical Fee</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFee_6566BB0CE5AAA5DBB9F76A4B67E2F894_documentation_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFee_363FE733607E51A6834760DD67A6B83A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hypothetical revised fee required on credit derivative contract used in the description of the valuation processes in place for fair value measurement of credit derivatives.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFee" xlink:label="loc_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFee_363FE733607E51A6834760DD67A6B83A" xlink:type="locator" />
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    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFeeWithCreditDownGrade_095DD75A9151B4E9454C6A4B67E25C98_terseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFeeWithCreditDownGrade_C3D2827CAA4E567AB95D37EBD1A3BB63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Relative change ratio of CDS fee to cash market spread</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFeeWithCreditDownGrade_095DD75A9151B4E9454C6A4B67E25C98_label_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFeeWithCreditDownGrade_C3D2827CAA4E567AB95D37EBD1A3BB63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement Process Description For Credit Derivatives Revised Hypothetical Fee With Credit Down Grade</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFeeWithCreditDownGrade_095DD75A9151B4E9454C6A4B67E25C98_documentation_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedHypotheticalFeeWithCreditDownGrade_C3D2827CAA4E567AB95D37EBD1A3BB63" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hypothetical revised fee required on credit derivative given a certain credit downgrade used in the description of the valuation processes in place for fair value measurement of credit derivatives.</link:label>
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    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedRelativeChangeRatio_EE1B45029BE5BACF0B526A4B67E24133_terseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedRelativeChangeRatio_C60E123408945869AE88B90700258729" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revised relative change ratio of CDS fee to cash market spread</link:label>
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    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRemainingLife_279B8152004488A1DF5C6A4B67E25474_terseLabel_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRemainingLife_03928ED6959751159E98A3EF7A119974" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated remaining life</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRemainingLife_279B8152004488A1DF5C6A4B67E25474_label_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRemainingLife_03928ED6959751159E98A3EF7A119974" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement Process Description For Credit Derivatives Remaining Life</link:label>
    <link:label id="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRemainingLife_279B8152004488A1DF5C6A4B67E25474_documentation_en-US" xlink:label="lab_ambc_FairValueMeasurementProcessDescriptionForCreditDerivativesRemainingLife_03928ED6959751159E98A3EF7A119974" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Hypothetical remaining contract life used in the description of the valuation processes in place for fair value measurement of credit derivatives.</link:label>
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    <link:label id="lab_ambc_FairValueOfConsolidatedVariableInterestEntityDebtObligationsValuedUsingUnobservableInputsByAssetClass_C2F9059388C18D68B8B16A4B67E2CF7E_terseLabel_en-US" xlink:label="lab_ambc_FairValueOfConsolidatedVariableInterestEntityDebtObligationsValuedUsingUnobservableInputsByAssetClass_FF4E09F2F7FA5878A6ACEC4A270145D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of consolidated VIE debt obligations valued using unobservable inputs by asset class</link:label>
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    <link:label id="lab_ambc_EstimatedFuturePremiumPaymentsWeightedAverageDiscountedRate_D70A585A5DFDC32042836A4B67E2E6D0_verboseLabel_en-US" xlink:label="lab_ambc_EstimatedFuturePremiumPaymentsWeightedAverageDiscountedRate_9B630BA602D4583D8B1F34577CA860D2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average discounted rate of estimated future premium payments to be paid by the VIEs</link:label>
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    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueInputWeightedAverageLife" xlink:label="loc_ambc_FairValueInputWeightedAverageLife_33FE23482DA55DBB86ECDBD8DBA51973" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EffectsOfReinsuranceTable_FFA0E9E788938F94A0A21ACCE2F3F13F_terseLabel_en-US" xlink:label="lab_us-gaap_EffectsOfReinsuranceTable_FFA0E9E788938F94A0A21ACCE2F3F13F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effects of Reinsurance [Table]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EffectsOfReinsuranceTable" xlink:label="loc_us-gaap_EffectsOfReinsuranceTable_FFA0E9E788938F94A0A21ACCE2F3F13F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CurrencyAxis_B33619150F1EB9C80F951B9BE2C880A8_terseLabel_en-US" xlink:label="lab_us-gaap_CurrencyAxis_B33619150F1EB9C80F951B9BE2C880A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
    <link:label id="lab_us-gaap_CurrencyAxis_B33619150F1EB9C80F951B9BE2C880A8_label_en-US" xlink:label="lab_us-gaap_CurrencyAxis_B33619150F1EB9C80F951B9BE2C880A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
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    <link:label id="lab_ambc_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseChangeInLossReservesPriorYear_CA3F5AF90818B8507F5E1ACCE2F482E1_totalLabel_en-US" xlink:label="lab_ambc_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseChangeInLossReservesPriorYear_CA3F5AF90818B8507F5E1ACCE2F482E1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Liability For Unpaid Claims And Claims Adjustment Expense Change In Loss Reserves Prior Year</link:label>
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    <link:loc xlink:href="ambc-20160930.xsd#ambc_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseChangeInLossReservesPriorYear" xlink:label="loc_ambc_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseChangeInLossReservesPriorYear_CA3F5AF90818B8507F5E1ACCE2F482E1" xlink:type="locator" />
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    <link:label id="lab_ambc_ChangeInLossAndLossExpenseReservesNet_662CF277B8710E636FCB1ACCE2F5302C_totalLabel_en-US" xlink:label="lab_ambc_ChangeInLossAndLossExpenseReservesNet_662CF277B8710E636FCB1ACCE2F5302C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net change in loss and loss expense reserves</link:label>
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    <link:label id="lab_ambc_ChangeInLossAndLossExpenseReservesNet_662CF277B8710E636FCB1ACCE2F5302C_documentation_en-US" xlink:label="lab_ambc_ChangeInLossAndLossExpenseReservesNet_662CF277B8710E636FCB1ACCE2F5302C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) during the reporting period in the loss and loss expense reserve accounts, net of subrogation and reinsurance.</link:label>
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    <link:label id="lab_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_9528A1C86D374DA804C01ACCE2F5E6D1_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_9528A1C86D374DA804C01ACCE2F5E6D1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Liability for Unpaid Claims and Claims Adjustment Expense, Net</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_9528A1C86D374DA804C01ACCE2F5E6D1" xlink:to="lab_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_9528A1C86D374DA804C01ACCE2F5E6D1" xlink:type="arc" />
    <link:label id="lab_ambc_LossReservesCededToReinsurers_28D14F38899801BD40E81ACCE2F52E6C_periodEndLabel_en-US" xlink:label="lab_ambc_LossReservesCededToReinsurers_28D14F38899801BD40E81ACCE2F52E6C" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Add reinsurance on loss and loss expense reserves</link:label>
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    <link:label id="lab_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_D94D38E2C84AD2C4E4D61ACCE2F51B19_periodEndLabel_en-US" xlink:label="lab_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_D94D38E2C84AD2C4E4D61ACCE2F51B19" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending gross loss and loss expense reserves</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_D94D38E2C84AD2C4E4D61ACCE2F51B19" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_D94D38E2C84AD2C4E4D61ACCE2F51B19" xlink:to="lab_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_D94D38E2C84AD2C4E4D61ACCE2F51B19" xlink:type="arc" />
    <link:label id="lab_ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable_C7E6D2FACF7BB163476BED2A9AE0F8F1_terseLabel_en-US" xlink:label="lab_ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable_5BE3137935005ED7B7A5E224A09F36DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of Loss and Loss Expense Reserves and Subrogation Recoverable [Table]</link:label>
    <link:label id="lab_ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable_C7E6D2FACF7BB163476BED2A9AE0F8F1_label_en-US" xlink:label="lab_ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable_5BE3137935005ED7B7A5E224A09F36DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of Loss and Loss Expense Reserves and Subrogation Recoverable [Table]</link:label>
    <link:label id="lab_ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable_C7E6D2FACF7BB163476BED2A9AE0F8F1_documentation_en-US" xlink:label="lab_ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable_5BE3137935005ED7B7A5E224A09F36DB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Components of Loss and Loss Expense Reserves and Subrogation Recoverable [Table]</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable" xlink:label="loc_ambc_ComponentsofLossandLossExpenseReservesandSubrogationRecoverableTable_5BE3137935005ED7B7A5E224A09F36DB" xlink:type="locator" />
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    <link:label id="lab_ambc_LossandLossReservesAxis_582A16DDC475C08AB2C0ED2A9AE0E03D_terseLabel_en-US" xlink:label="lab_ambc_LossandLossReservesAxis_121F8B84E5A25D8D8633134334F75897" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss and Loss Reserves [Axis]</link:label>
    <link:label id="lab_ambc_LossandLossReservesAxis_582A16DDC475C08AB2C0ED2A9AE0E03D_label_en-US" xlink:label="lab_ambc_LossandLossReservesAxis_121F8B84E5A25D8D8633134334F75897" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss and Loss Reserves [Axis]</link:label>
    <link:label id="lab_ambc_LossandLossReservesAxis_582A16DDC475C08AB2C0ED2A9AE0E03D_documentation_en-US" xlink:label="lab_ambc_LossandLossReservesAxis_121F8B84E5A25D8D8633134334F75897" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loss and Loss Reserves [Axis]</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_LossandLossReservesAxis" xlink:label="loc_ambc_LossandLossReservesAxis_121F8B84E5A25D8D8633134334F75897" xlink:type="locator" />
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    <link:label id="lab_ambc_LossandLossReservesDomain_BE973B268017A416C446ED2A9AE0AF45_label_en-US" xlink:label="lab_ambc_LossandLossReservesDomain_F730E8C266EF56518601683FD84E41E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss and Loss Reserves [Domain]</link:label>
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    <link:loc xlink:href="ambc-20160930.xsd#ambc_LossandLossReservesDomain" xlink:label="loc_ambc_LossandLossReservesDomain_F730E8C266EF56518601683FD84E41E2" xlink:type="locator" />
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    <link:label id="lab_ambc_UnpaidClaimsClaimsMember_FC39189041F6C165DC91ED2A9AE08FBF_verboseLabel_en-US" xlink:label="lab_ambc_UnpaidClaimsClaimsMember_FED483112EDD5E7CB8478155BB9F8981" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unpaid Claims-Claims [Member]</link:label>
    <link:label id="lab_ambc_UnpaidClaimsClaimsMember_FC39189041F6C165DC91ED2A9AE08FBF_label_en-US" xlink:label="lab_ambc_UnpaidClaimsClaimsMember_FED483112EDD5E7CB8478155BB9F8981" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unpaid Claims-Claims [Member]</link:label>
    <link:label id="lab_ambc_UnpaidClaimsClaimsMember_FC39189041F6C165DC91ED2A9AE08FBF_documentation_en-US" xlink:label="lab_ambc_UnpaidClaimsClaimsMember_FED483112EDD5E7CB8478155BB9F8981" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Claims [Member]</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_UnpaidClaimsClaimsMember" xlink:label="loc_ambc_UnpaidClaimsClaimsMember_FED483112EDD5E7CB8478155BB9F8981" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_UnpaidClaimsClaimsMember_FED483112EDD5E7CB8478155BB9F8981" xlink:to="lab_ambc_UnpaidClaimsClaimsMember_FED483112EDD5E7CB8478155BB9F8981" xlink:type="arc" />
    <link:label id="lab_ambc_UnpaidClaimsAccruedInterestMember_FCB2232CD821D8C33A87ED2A9AE0D640_terseLabel_en-US" xlink:label="lab_ambc_UnpaidClaimsAccruedInterestMember_28D835CC5B225F078819790E16B57404" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid Claims-Accrued Interest [Member]</link:label>
    <link:label id="lab_ambc_UnpaidClaimsAccruedInterestMember_FCB2232CD821D8C33A87ED2A9AE0D640_label_en-US" xlink:label="lab_ambc_UnpaidClaimsAccruedInterestMember_28D835CC5B225F078819790E16B57404" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unpaid Claims-Accrued Interest [Member]</link:label>
    <link:label id="lab_ambc_UnpaidClaimsAccruedInterestMember_FCB2232CD821D8C33A87ED2A9AE0D640_documentation_en-US" xlink:label="lab_ambc_UnpaidClaimsAccruedInterestMember_28D835CC5B225F078819790E16B57404" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accrued Interest [Member]</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_UnpaidClaimsAccruedInterestMember" xlink:label="loc_ambc_UnpaidClaimsAccruedInterestMember_28D835CC5B225F078819790E16B57404" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_UnpaidClaimsAccruedInterestMember_28D835CC5B225F078819790E16B57404" xlink:to="lab_ambc_UnpaidClaimsAccruedInterestMember_28D835CC5B225F078819790E16B57404" xlink:type="arc" />
    <link:label id="lab_ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember_BB2DA0A4C1D299E93781ED2A9AE00DC9_verboseLabel_en-US" xlink:label="lab_ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember_DA78BF223B41516C928E0B5C447FBAEA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Present Value of Expected Net Cash Flows- Claims and Loss Expenses [Member]</link:label>
    <link:label id="lab_ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember_BB2DA0A4C1D299E93781ED2A9AE00DC9_label_en-US" xlink:label="lab_ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember_DA78BF223B41516C928E0B5C447FBAEA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Present Value of Expected Net Cash Flows- Claims and Loss Expenses [Member]</link:label>
    <link:label id="lab_ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember_BB2DA0A4C1D299E93781ED2A9AE00DC9_documentation_en-US" xlink:label="lab_ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember_DA78BF223B41516C928E0B5C447FBAEA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Claims and Loss Expenses [Member]</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember" xlink:label="loc_ambc_PresentValueofExpectedNetCashFlowsClaimsandLossExpensesMember_DA78BF223B41516C928E0B5C447FBAEA" xlink:type="locator" />
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    <link:label id="lab_ambc_PresentValueofExpectedNetCashFlowsRecoveriesMember_8A9F30A5AEEC8D83E437ED2A9AE05A87_verboseLabel_en-US" xlink:label="lab_ambc_PresentValueofExpectedNetCashFlowsRecoveriesMember_E4B7EF8EDB995F4B914215D5DE028B04" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Present Value of Expected Net Cash Flows-Recoveries [Member]</link:label>
    <link:label id="lab_ambc_PresentValueofExpectedNetCashFlowsRecoveriesMember_8A9F30A5AEEC8D83E437ED2A9AE05A87_label_en-US" xlink:label="lab_ambc_PresentValueofExpectedNetCashFlowsRecoveriesMember_E4B7EF8EDB995F4B914215D5DE028B04" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Present Value of Expected Net Cash Flows-Recoveries [Member]</link:label>
    <link:label id="lab_ambc_PresentValueofExpectedNetCashFlowsRecoveriesMember_8A9F30A5AEEC8D83E437ED2A9AE05A87_documentation_en-US" xlink:label="lab_ambc_PresentValueofExpectedNetCashFlowsRecoveriesMember_E4B7EF8EDB995F4B914215D5DE028B04" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Recoveries [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentsFairValueDisclosure" xlink:label="loc_us-gaap_EquityMethodInvestmentsFairValueDisclosure_DF154A3BAE219CE02026BFE056335181" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityMethodInvestmentsFairValueDisclosure_DF154A3BAE219CE02026BFE056335181" xlink:to="lab_us-gaap_EquityMethodInvestmentsFairValueDisclosure_DF154A3BAE219CE02026BFE056335181" xlink:type="arc" />
    <link:label id="lab_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F_terseLabel_en-US" xlink:label="lab_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of individual transactions with special purpose entities</link:label>
    <link:label id="lab_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F_label_en-US" xlink:label="lab_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Transactions With Sponsored Special Purpose Entities Inception To Date</link:label>
    <link:label id="lab_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F_documentation_en-US" xlink:label="lab_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of asset transfer transactions executed with Ambac's sponsored medium term note special purpose entities since the inception of those entities.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate" xlink:label="loc_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F" xlink:to="lab_ambc_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate_CB3276B3E81007756533BFE05633CF3F" xlink:type="arc" />
    <link:label id="lab_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9_terseLabel_en-US" xlink:label="lab_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of transactions outstanding with special purpose entities</link:label>
    <link:label id="lab_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9_label_en-US" xlink:label="lab_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Transactions Outstanding With Sponsored Special Purpose Entities</link:label>
    <link:label id="lab_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9_documentation_en-US" xlink:label="lab_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of asset transfer transactions executed with Ambac's sponsored medium term note special purpose entities that are still outstanding at the reporting date.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities" xlink:label="loc_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9" xlink:to="lab_ambc_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities_E5955808697AD0CA62DDBFE0563375B9" xlink:type="arc" />
    <link:label id="lab_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764_terseLabel_en-US" xlink:label="lab_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total principal amount of debt outstanding</link:label>
    <link:label id="lab_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764_label_en-US" xlink:label="lab_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Face Amount Of Debt Outstanding Issued By Sponsored Special Purpose Entities</link:label>
    <link:label id="lab_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764_documentation_en-US" xlink:label="lab_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total principal amount of outstanding debt issued by Ambac's sponsored medium term note special purpose entities.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities" xlink:label="loc_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764" xlink:to="lab_ambc_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities_FBAB6879A5241FF25FCCBFE056338764" xlink:type="arc" />
    <link:label id="lab_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E_terseLabel_en-US" xlink:label="lab_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average life</link:label>
    <link:label id="lab_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E_label_en-US" xlink:label="lab_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Life Of Assets Held By Sponsored Special Purpose Entities</link:label>
    <link:label id="lab_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E_documentation_en-US" xlink:label="lab_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average remaining life of assets held by Ambac's sponsored medium term note special purpose entities at the reporting date.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities" xlink:label="loc_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E" xlink:to="lab_ambc_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities_4FCD7ABD426078D424D5BFE05633042E" xlink:type="arc" />
    <link:label id="lab_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A_terseLabel_en-US" xlink:label="lab_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average rating of assets held by sponsored special purpose entities</link:label>
    <link:label id="lab_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A_label_en-US" xlink:label="lab_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Rating Of Assets Held By Sponsored Special Purpose Entities</link:label>
    <link:label id="lab_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A_documentation_en-US" xlink:label="lab_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average credit rating of assets held by Ambac's sponsored medium term note special purpose entities at the reporting date.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities" xlink:label="loc_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A" xlink:to="lab_ambc_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities_581B38F0A7AA94B42B47BFE05633391A" xlink:type="arc" />
    <link:label id="lab_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F_terseLabel_en-US" xlink:label="lab_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of consolidated Variable Interest Entities</link:label>
    <link:label id="lab_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F_label_en-US" xlink:label="lab_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Consolidated Variable Interest Entities</link:label>
    <link:label id="lab_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F_documentation_en-US" xlink:label="lab_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of consolidated variable interest entities.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_NumberOfConsolidatedVariableInterestEntities" xlink:label="loc_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F" xlink:to="lab_ambc_NumberOfConsolidatedVariableInterestEntities_870F71818EC0ED11F747BFE05633B26F" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_5A903B8AB94A71F4DE61BFE056336875_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_5A903B8AB94A71F4DE61BFE056336875" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated VIE assets</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_5A903B8AB94A71F4DE61BFE056336875_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_5A903B8AB94A71F4DE61BFE056336875" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Consolidated, Carrying Amount, Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_5A903B8AB94A71F4DE61BFE056336875" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_5A903B8AB94A71F4DE61BFE056336875" xlink:to="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_5A903B8AB94A71F4DE61BFE056336875" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_B8ECEE3C1D358D83D42BBFE0563340CC_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_B8ECEE3C1D358D83D42BBFE0563340CC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated VIE liabilities</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_B8ECEE3C1D358D83D42BBFE0563340CC_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_B8ECEE3C1D358D83D42BBFE0563340CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Consolidated, Carrying Amount, Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_B8ECEE3C1D358D83D42BBFE0563340CC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_B8ECEE3C1D358D83D42BBFE0563340CC" xlink:to="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_B8ECEE3C1D358D83D42BBFE0563340CC" xlink:type="arc" />
    <link:label id="lab_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1_terseLabel_en-US" xlink:label="lab_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">variable interest entities deconsolidation gain loss</link:label>
    <link:label id="lab_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1_label_en-US" xlink:label="lab_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">variable interest entities deconsolidation gain loss</link:label>
    <link:label id="lab_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1_documentation_en-US" xlink:label="lab_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">variable interest entities deconsolidation gain loss</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_Variableinterestentitiesdeconsolidationgainloss" xlink:label="loc_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1" xlink:to="lab_ambc_Variableinterestentitiesdeconsolidationgainloss_C9E9AE42DD801A7E783CBFE05633A3B1" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationBySurveillanceCategoryAxis_11831947D41F3B7CBDC9ED2A98CD7FFA_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationBySurveillanceCategoryAxis_6E6A2A50A3435CA09A40E4760BD9F566" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Deterioration Surveillance Category [Axis]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationBySurveillanceCategoryAxis_11831947D41F3B7CBDC9ED2A98CD7FFA_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationBySurveillanceCategoryAxis_6E6A2A50A3435CA09A40E4760BD9F566" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Deterioration Surveillance Category [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationBySurveillanceCategoryAxis" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationBySurveillanceCategoryAxis_6E6A2A50A3435CA09A40E4760BD9F566" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationBySurveillanceCategoryAxis_6E6A2A50A3435CA09A40E4760BD9F566" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationBySurveillanceCategoryAxis_6E6A2A50A3435CA09A40E4760BD9F566" xlink:type="arc" />
    <link:label id="lab_us-gaap_SurveillanceCategoryDomain_88B39B34EFEBD3A61737ED2A98CDDA49_terseLabel_en-US" xlink:label="lab_us-gaap_SurveillanceCategoryDomain_4B8D6274D3785CE88C19ECF1DEA37E2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Surveillance Category [Domain]</link:label>
    <link:label id="lab_us-gaap_SurveillanceCategoryDomain_88B39B34EFEBD3A61737ED2A98CDDA49_label_en-US" xlink:label="lab_us-gaap_SurveillanceCategoryDomain_4B8D6274D3785CE88C19ECF1DEA37E2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surveillance Category [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SurveillanceCategoryDomain" xlink:label="loc_us-gaap_SurveillanceCategoryDomain_4B8D6274D3785CE88C19ECF1DEA37E2F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SurveillanceCategoryDomain_4B8D6274D3785CE88C19ECF1DEA37E2F" xlink:to="lab_us-gaap_SurveillanceCategoryDomain_4B8D6274D3785CE88C19ECF1DEA37E2F" xlink:type="arc" />
    <link:label id="lab_ambc_SurveillanceCategoryOneSurveyListMember_188700AC04BD3F33866FED2A98CD29C2_terseLabel_en-US" xlink:label="lab_ambc_SurveillanceCategoryOneSurveyListMember_709A8FCA520D5F02BDC22517ECED7329" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">I/SL [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryOneSurveyListMember_188700AC04BD3F33866FED2A98CD29C2_label_en-US" xlink:label="lab_ambc_SurveillanceCategoryOneSurveyListMember_709A8FCA520D5F02BDC22517ECED7329" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surveillance Category One Survey List [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryOneSurveyListMember_188700AC04BD3F33866FED2A98CD29C2_documentation_en-US" xlink:label="lab_ambc_SurveillanceCategoryOneSurveyListMember_709A8FCA520D5F02BDC22517ECED7329" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surveillance Category One Survey List [Member]</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_SurveillanceCategoryOneSurveyListMember" xlink:label="loc_ambc_SurveillanceCategoryOneSurveyListMember_709A8FCA520D5F02BDC22517ECED7329" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_SurveillanceCategoryOneSurveyListMember_709A8FCA520D5F02BDC22517ECED7329" xlink:to="lab_ambc_SurveillanceCategoryOneSurveyListMember_709A8FCA520D5F02BDC22517ECED7329" xlink:type="arc" />
    <link:label id="lab_ambc_SurveillanceCategoryOneaMember_B38A1181EF4100B0F8ABED2A98CD3ADD_terseLabel_en-US" xlink:label="lab_ambc_SurveillanceCategoryOneaMember_264D371C8D6D5CABAAAABB2D25DC62D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">IA [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryOneaMember_B38A1181EF4100B0F8ABED2A98CD3ADD_label_en-US" xlink:label="lab_ambc_SurveillanceCategoryOneaMember_264D371C8D6D5CABAAAABB2D25DC62D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surveillance Category Onea [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryOneaMember_B38A1181EF4100B0F8ABED2A98CD3ADD_documentation_en-US" xlink:label="lab_ambc_SurveillanceCategoryOneaMember_264D371C8D6D5CABAAAABB2D25DC62D6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surveillance Category OneA [Member]</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_SurveillanceCategoryOneaMember" xlink:label="loc_ambc_SurveillanceCategoryOneaMember_264D371C8D6D5CABAAAABB2D25DC62D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_SurveillanceCategoryOneaMember_264D371C8D6D5CABAAAABB2D25DC62D6" xlink:to="lab_ambc_SurveillanceCategoryOneaMember_264D371C8D6D5CABAAAABB2D25DC62D6" xlink:type="arc" />
    <link:label id="lab_ambc_SurveillanceCategoryTwoMember_10E707781F531C0361C7ED2A98CD6615_terseLabel_en-US" xlink:label="lab_ambc_SurveillanceCategoryTwoMember_A77B20D6CF535245B3D49F74244B37C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">II [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryTwoMember_10E707781F531C0361C7ED2A98CD6615_label_en-US" xlink:label="lab_ambc_SurveillanceCategoryTwoMember_A77B20D6CF535245B3D49F74244B37C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surveillance Category Two [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryTwoMember_10E707781F531C0361C7ED2A98CD6615_documentation_en-US" xlink:label="lab_ambc_SurveillanceCategoryTwoMember_A77B20D6CF535245B3D49F74244B37C5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surveillance category two.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_SurveillanceCategoryTwoMember" xlink:label="loc_ambc_SurveillanceCategoryTwoMember_A77B20D6CF535245B3D49F74244B37C5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_SurveillanceCategoryTwoMember_A77B20D6CF535245B3D49F74244B37C5" xlink:to="lab_ambc_SurveillanceCategoryTwoMember_A77B20D6CF535245B3D49F74244B37C5" xlink:type="arc" />
    <link:label id="lab_ambc_SurveillanceCategoryThreeMember_0AF0FE541AE9F0ACD534ED2A98CD151B_terseLabel_en-US" xlink:label="lab_ambc_SurveillanceCategoryThreeMember_5DB87ACAD4D25160B64A98F6DF598C1F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">III [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryThreeMember_0AF0FE541AE9F0ACD534ED2A98CD151B_label_en-US" xlink:label="lab_ambc_SurveillanceCategoryThreeMember_5DB87ACAD4D25160B64A98F6DF598C1F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surveillance Category Three [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryThreeMember_0AF0FE541AE9F0ACD534ED2A98CD151B_documentation_en-US" xlink:label="lab_ambc_SurveillanceCategoryThreeMember_5DB87ACAD4D25160B64A98F6DF598C1F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surveillance category three.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_SurveillanceCategoryThreeMember" xlink:label="loc_ambc_SurveillanceCategoryThreeMember_5DB87ACAD4D25160B64A98F6DF598C1F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_SurveillanceCategoryThreeMember_5DB87ACAD4D25160B64A98F6DF598C1F" xlink:to="lab_ambc_SurveillanceCategoryThreeMember_5DB87ACAD4D25160B64A98F6DF598C1F" xlink:type="arc" />
    <link:label id="lab_ambc_SurveillanceCategoryFourMember_AFD0997C8D60D69C2966ED2A98CD4BE5_terseLabel_en-US" xlink:label="lab_ambc_SurveillanceCategoryFourMember_834655917C6A5A51880FE79A7F0A6AE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">IV [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryFourMember_AFD0997C8D60D69C2966ED2A98CD4BE5_label_en-US" xlink:label="lab_ambc_SurveillanceCategoryFourMember_834655917C6A5A51880FE79A7F0A6AE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surveillance Category Four [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryFourMember_AFD0997C8D60D69C2966ED2A98CD4BE5_documentation_en-US" xlink:label="lab_ambc_SurveillanceCategoryFourMember_834655917C6A5A51880FE79A7F0A6AE5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surveillance category four.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_SurveillanceCategoryFourMember" xlink:label="loc_ambc_SurveillanceCategoryFourMember_834655917C6A5A51880FE79A7F0A6AE5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_SurveillanceCategoryFourMember_834655917C6A5A51880FE79A7F0A6AE5" xlink:to="lab_ambc_SurveillanceCategoryFourMember_834655917C6A5A51880FE79A7F0A6AE5" xlink:type="arc" />
    <link:label id="lab_ambc_SurveillanceCategoryFiveMember_DBD3E751697031B6FED5ED2A98CDE30E_terseLabel_en-US" xlink:label="lab_ambc_SurveillanceCategoryFiveMember_B0C1D58F4D025EA18008D17FFC60E79F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">V [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryFiveMember_DBD3E751697031B6FED5ED2A98CDE30E_label_en-US" xlink:label="lab_ambc_SurveillanceCategoryFiveMember_B0C1D58F4D025EA18008D17FFC60E79F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surveillance Category Five [Member]</link:label>
    <link:label id="lab_ambc_SurveillanceCategoryFiveMember_DBD3E751697031B6FED5ED2A98CDE30E_documentation_en-US" xlink:label="lab_ambc_SurveillanceCategoryFiveMember_B0C1D58F4D025EA18008D17FFC60E79F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surveillance category five.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_SurveillanceCategoryFiveMember" xlink:label="loc_ambc_SurveillanceCategoryFiveMember_B0C1D58F4D025EA18008D17FFC60E79F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_SurveillanceCategoryFiveMember_B0C1D58F4D025EA18008D17FFC60E79F" xlink:to="lab_ambc_SurveillanceCategoryFiveMember_B0C1D58F4D025EA18008D17FFC60E79F" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_305DD3DDA76FCB15D008ED2A98CD108A_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_E841806E7AEB517C8CE5DC940FE861B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of policies</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_305DD3DDA76FCB15D008ED2A98CD108A_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_E841806E7AEB517C8CE5DC940FE861B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Number of Contracts Issued and Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_E841806E7AEB517C8CE5DC940FE861B1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_E841806E7AEB517C8CE5DC940FE861B1" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_E841806E7AEB517C8CE5DC940FE861B1" xlink:type="arc" />
    <link:label id="lab_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_05E12562E797A1540BE4ED2A98CD36D5_terseLabel_en-US" xlink:label="lab_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_3D2CE2E7C51153858EF67C00358F7EFB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remaining weighted-average contract period (in years)</link:label>
    <link:label id="lab_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_05E12562E797A1540BE4ED2A98CD36D5_label_en-US" xlink:label="lab_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_3D2CE2E7C51153858EF67C00358F7EFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insured Financial Obligations with Credit Deterioration, Remaining Weighted Average Contract Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" xlink:label="loc_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_3D2CE2E7C51153858EF67C00358F7EFB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_3D2CE2E7C51153858EF67C00358F7EFB" xlink:to="lab_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_3D2CE2E7C51153858EF67C00358F7EFB" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingAbstract_17F8C746EFB6969BFD5CED2A98CDE157_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingAbstract_27B6B15988E15D76831B4A59476A1F47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross insured contractual payments outstanding:</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingAbstract_17F8C746EFB6969BFD5CED2A98CDE157_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingAbstract_27B6B15988E15D76831B4A59476A1F47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Insured Contractual Payments Outstanding [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingAbstract" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingAbstract_27B6B15988E15D76831B4A59476A1F47" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingAbstract_27B6B15988E15D76831B4A59476A1F47" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingAbstract_27B6B15988E15D76831B4A59476A1F47" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_9147B9D51E9027F38AC7ED2A98CD4A6F_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_0C91DBB01B4E5F8B80DAA6D8602DE4BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_9147B9D51E9027F38AC7ED2A98CD4A6F_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_0C91DBB01B4E5F8B80DAA6D8602DE4BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Insured Contractual Payments Outstanding, Principal</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_0C91DBB01B4E5F8B80DAA6D8602DE4BE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_0C91DBB01B4E5F8B80DAA6D8602DE4BE" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_0C91DBB01B4E5F8B80DAA6D8602DE4BE" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_0DB4153B5645427B3330ED2A98CDB64B_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_E14DEE1CC8A55FE2B093CD2DA0BFFB52" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_0DB4153B5645427B3330ED2A98CDB64B_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_E14DEE1CC8A55FE2B093CD2DA0BFFB52" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Insured Contractual Payments Outstanding, Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_E14DEE1CC8A55FE2B093CD2DA0BFFB52" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_E14DEE1CC8A55FE2B093CD2DA0BFFB52" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_E14DEE1CC8A55FE2B093CD2DA0BFFB52" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_BBFC7F3AF835B3FF56E2ED2A98CD4CC8_totalLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_B1E99BC53D2E58859BF38BB646CC0EBD" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_BBFC7F3AF835B3FF56E2ED2A98CD4CC8_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_B1E99BC53D2E58859BF38BB646CC0EBD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Insured Contractual Payments Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_B1E99BC53D2E58859BF38BB646CC0EBD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_B1E99BC53D2E58859BF38BB646CC0EBD" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_B1E99BC53D2E58859BF38BB646CC0EBD" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_CACFCE942C5C3C765E34ED2A98CDFA43_negatedTerseLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_FBC8ABC053F9534AB897B273BE93940B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gross undiscounted claim liability</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_CACFCE942C5C3C765E34ED2A98CDFA43_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_FBC8ABC053F9534AB897B273BE93940B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Gross Undiscounted Claim Liability</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_CACFCE942C5C3C765E34ED2A98CDFA43_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_FBC8ABC053F9534AB897B273BE93940B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the gross undiscounted claim liability for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability" xlink:label="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_FBC8ABC053F9534AB897B273BE93940B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_FBC8ABC053F9534AB897B273BE93940B" xlink:to="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability_FBC8ABC053F9534AB897B273BE93940B" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_CDED3C9BBF03BF59BB72ED2A98CD976C_negatedLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_E30A897E40F75B9886BE94AAEC3D2BF4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Discount, gross claim liability</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_CDED3C9BBF03BF59BB72ED2A98CD976C_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_E30A897E40F75B9886BE94AAEC3D2BF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Discount On Gross Claim Liability</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_CDED3C9BBF03BF59BB72ED2A98CD976C_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_E30A897E40F75B9886BE94AAEC3D2BF4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the discounting on the gross claim liability for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability" xlink:label="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_E30A897E40F75B9886BE94AAEC3D2BF4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_E30A897E40F75B9886BE94AAEC3D2BF4" xlink:to="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability_E30A897E40F75B9886BE94AAEC3D2BF4" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_18741A437A504ED80E68ED2A98CD1C40_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_CECDDD425B3552B29A07DED60D71215B" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Gross claim liability before all subrogation and before reinsurance</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_18741A437A504ED80E68ED2A98CD1C40_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_CECDDD425B3552B29A07DED60D71215B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Gross Claim Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_CECDDD425B3552B29A07DED60D71215B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_CECDDD425B3552B29A07DED60D71215B" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_CECDDD425B3552B29A07DED60D71215B" xlink:type="arc" />
    <link:label id="lab_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_1D3239AEB4B9D5FEFEF6ED2A98CDC511_terseLabel_en-US" xlink:label="lab_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_CBC208E7472B5C18B63D24AA2663980C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less:</link:label>
    <link:label id="lab_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_1D3239AEB4B9D5FEFEF6ED2A98CDC511_label_en-US" xlink:label="lab_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_CBC208E7472B5C18B63D24AA2663980C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Less Discounted Rmbs Subrogation Before Reinsurance [Abstract]</link:label>
    <link:label id="lab_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_1D3239AEB4B9D5FEFEF6ED2A98CDC511_documentation_en-US" xlink:label="lab_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_CBC208E7472B5C18B63D24AA2663980C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Less Discounted Rmbs Subrogation Before Reinsurance [Abstract]</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract" xlink:label="loc_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_CBC208E7472B5C18B63D24AA2663980C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_CBC208E7472B5C18B63D24AA2663980C" xlink:to="lab_ambc_LessDiscountedRmbsSubrogationBeforeReinsuranceAbstract_CBC208E7472B5C18B63D24AA2663980C" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_A870FDF9F46377038F20ED2A98CD88F3_negatedTerseLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_90FFEDD236515655870B66142BF45099" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gross RMBS subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_A870FDF9F46377038F20ED2A98CD88F3_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_90FFEDD236515655870B66142BF45099" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Rmbs Subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_A870FDF9F46377038F20ED2A98CD88F3_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_90FFEDD236515655870B66142BF45099" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the reduction to gross undiscounted claim liability for gross undiscounted subrogation on insured RMBS financial obligations with credit deterioration.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation" xlink:label="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_90FFEDD236515655870B66142BF45099" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_90FFEDD236515655870B66142BF45099" xlink:to="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation_90FFEDD236515655870B66142BF45099" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_B50E6E0A7BEF680F934CED2A98CDFBC4_terseLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_2E85069CEB3D5A02954F6F0F091FD3FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount, RMBS subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_B50E6E0A7BEF680F934CED2A98CDFBC4_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_2E85069CEB3D5A02954F6F0F091FD3FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Rmbs Subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_B50E6E0A7BEF680F934CED2A98CDFBC4_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_2E85069CEB3D5A02954F6F0F091FD3FF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the discounting on the reduction to gross claim liability for subrogation on insured RMBS financial obligations with credit deterioration.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation" xlink:label="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_2E85069CEB3D5A02954F6F0F091FD3FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_2E85069CEB3D5A02954F6F0F091FD3FF" xlink:to="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation_2E85069CEB3D5A02954F6F0F091FD3FF" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation_E11F643993B9E1612610ED2A98CD159F_negatedTotalLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation_79339C1DD8C455059CDA2A7273620956" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Discounted RMBS subrogation, before reinsurance</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation" xlink:label="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation_79339C1DD8C455059CDA2A7273620956" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation_79339C1DD8C455059CDA2A7273620956" xlink:to="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation_79339C1DD8C455059CDA2A7273620956" xlink:type="arc" />
    <link:label id="lab_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BDBD3EE06E0804ABD71AED2A98CD5E9F_terseLabel_en-US" xlink:label="lab_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BA4980E6488B52E2AD732F280FDC1E89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less:</link:label>
    <link:label id="lab_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BDBD3EE06E0804ABD71AED2A98CD5E9F_label_en-US" xlink:label="lab_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BA4980E6488B52E2AD732F280FDC1E89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discounted Other Subrogation Before Reinsurance [Abstract]</link:label>
    <link:label id="lab_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BDBD3EE06E0804ABD71AED2A98CD5E9F_documentation_en-US" xlink:label="lab_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BA4980E6488B52E2AD732F280FDC1E89" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Discounted other subrogation, before reinsurance.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract" xlink:label="loc_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BA4980E6488B52E2AD732F280FDC1E89" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BA4980E6488B52E2AD732F280FDC1E89" xlink:to="lab_ambc_DiscountedOtherSubrogationBeforeReinsuranceAbstract_BA4980E6488B52E2AD732F280FDC1E89" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_E0F6426608C949C750A2ED2A98CD489B_negatedTerseLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_52E90E8B5CEF5442B73401C27779F74F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gross other subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_E0F6426608C949C750A2ED2A98CD489B_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_52E90E8B5CEF5442B73401C27779F74F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Other Subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_E0F6426608C949C750A2ED2A98CD489B_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_52E90E8B5CEF5442B73401C27779F74F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the reduction to gross undiscounted claim liability for gross undiscounted subrogation on insured financial obligations with credit deterioration, excluding subrogation on insured RMBS financial obligations with credit deterioration.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation" xlink:label="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_52E90E8B5CEF5442B73401C27779F74F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_52E90E8B5CEF5442B73401C27779F74F" xlink:to="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation_52E90E8B5CEF5442B73401C27779F74F" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_2ABF74B2716DEB125BF2ED2A98CD222C_terseLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_1FF8206C7EAF5A02952BEDC453BED237" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount, other subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_2ABF74B2716DEB125BF2ED2A98CD222C_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_1FF8206C7EAF5A02952BEDC453BED237" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Other Subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_2ABF74B2716DEB125BF2ED2A98CD222C_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_1FF8206C7EAF5A02952BEDC453BED237" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the discount on the gross subrogation on insured financial obligations with credit deterioration, excluding the discount on the gross subrogation on insured RMBS financial obligations with credit deterioration.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation" xlink:label="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_1FF8206C7EAF5A02952BEDC453BED237" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_1FF8206C7EAF5A02952BEDC453BED237" xlink:to="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation_1FF8206C7EAF5A02952BEDC453BED237" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation_547A729CB9E58FBCC6C7ED2A98CD02E6_negatedTotalLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation_C8366D495E3A5D3FA9AA52AB5D110D65" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Discounted other subrogation, before reinsurance</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation_547A729CB9E58FBCC6C7ED2A98CD02E6_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation_C8366D495E3A5D3FA9AA52AB5D110D65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Other Subrogation</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation_547A729CB9E58FBCC6C7ED2A98CD02E6_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation_C8366D495E3A5D3FA9AA52AB5D110D65" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the reduction to gross claim liability for subrogation on insured financial obligations with credit deterioration, excluding the reduction to gross claim liability for subrogation on insured RMBS financial obligations with credit deterioration.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation_C8366D495E3A5D3FA9AA52AB5D110D65" xlink:to="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation_C8366D495E3A5D3FA9AA52AB5D110D65" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_07E3A09F64DAFEE68D63ED2A98CDF811_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_CC81DA6CB8A05B678256F51B26061347" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Gross claim liability, net of all subrogation and discounts, before reinsurance</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_07E3A09F64DAFEE68D63ED2A98CDF811_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_CC81DA6CB8A05B678256F51B26061347" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Net Claim Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_CC81DA6CB8A05B678256F51B26061347" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_CC81DA6CB8A05B678256F51B26061347" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_CC81DA6CB8A05B678256F51B26061347" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_9CD018E610815A3F9332ED2A98CDB785_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_D0FABC5736D254628B034D8BE5A44C09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Unearned premium reserves</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_9CD018E610815A3F9332ED2A98CDB785_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_D0FABC5736D254628B034D8BE5A44C09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Statement of Financial Position, Unearned Premium Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_D0FABC5736D254628B034D8BE5A44C09" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_D0FABC5736D254628B034D8BE5A44C09" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_D0FABC5736D254628B034D8BE5A44C09" xlink:type="arc" />
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationLossAdjustmentExpensesReserve_FD42E2FEE865C5F661A3ED2A98CDE4CF_terseLabel_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationLossAdjustmentExpensesReserve_5DF597ECB7C953EB9899E3711715AFF4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plus: Loss adjustment expenses reserves</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationLossAdjustmentExpensesReserve_FD42E2FEE865C5F661A3ED2A98CDE4CF_label_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationLossAdjustmentExpensesReserve_5DF597ECB7C953EB9899E3711715AFF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Insured Financial Obligations With Credit Deterioration Loss Adjustment Expenses Reserve</link:label>
    <link:label id="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationLossAdjustmentExpensesReserve_FD42E2FEE865C5F661A3ED2A98CDE4CF_documentation_en-US" xlink:label="lab_ambc_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationLossAdjustmentExpensesReserve_5DF597ECB7C953EB9899E3711715AFF4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the amount of loss adjustment expense reserves represent the costs estimated to be incurred in the settlement of unpaid claims related to financial guarantee insurance contracts and presented in the schedule of insured financial obligations with credit deterioration in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</link:label>
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    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable_DBC3B9C5AD9BE993EA05ED2A98CD2758_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable_BCC9A2906A115D25923CCC30A7C74BC6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reinsurance recoverable reported on Balance Sheet</link:label>
    <link:label id="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable_DBC3B9C5AD9BE993EA05ED2A98CD2758_label_en-US" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable_BCC9A2906A115D25923CCC30A7C74BC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Statement of Financial Position, Reinsurance Recoverable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable_BCC9A2906A115D25923CCC30A7C74BC6" xlink:type="locator" />
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    <link:label id="lab_ambc_FairValueOfInvestmentsMeasuredAtNAVAsPracticalExpedientTableTextBlock_25AF9FB67DE35BDAA6B1FFC016906343_terseLabel_en-US" xlink:label="lab_ambc_FairValueOfInvestmentsMeasuredAtNAVAsPracticalExpedientTableTextBlock_37B0AE5AE23F5FDBAA6836D289EAF1E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Of Investments Measured At NAV As Practical Expedient [Table Text Block]</link:label>
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    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueOfInvestmentsMeasuredAtNAVAsPracticalExpedientTableTextBlock" xlink:label="loc_ambc_FairValueOfInvestmentsMeasuredAtNAVAsPracticalExpedientTableTextBlock_37B0AE5AE23F5FDBAA6836D289EAF1E5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_E53462AF6D58B0EEC5CBFFC016900395_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_3CBCA8ED257D5BF19F898A3FAB80FDE4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Carrying Amount and Fair Value of Ambac's Financial Assets and Liabilities</link:label>
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_E53462AF6D58B0EEC5CBFFC016900395_label_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_3CBCA8ED257D5BF19F898A3FAB80FDE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, by Balance Sheet Grouping [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_3CBCA8ED257D5BF19F898A3FAB80FDE4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock_6264DA7D9F55B83D08E3FFC016912811_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock_28A3A8BC9D175E44A252AF2A037E9D83" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Information about Valuation Inputs for Variable Interest Entity Assets and Liabilities Classified as Level 3</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock_6264DA7D9F55B83D08E3FFC016912811_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock_28A3A8BC9D175E44A252AF2A037E9D83" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock" xlink:label="loc_us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock_28A3A8BC9D175E44A252AF2A037E9D83" xlink:type="locator" />
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    <link:label id="lab_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_4417023F0A41B1A80791FFC01691C2FB_terseLabel_en-US" xlink:label="lab_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_E7381E43E6CC51CFAAFEA86F9A6D42AC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Changes in Level 3 Fair Value Category</link:label>
    <link:label id="lab_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_4417023F0A41B1A80791FFC01691C2FB_label_en-US" xlink:label="lab_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_E7381E43E6CC51CFAAFEA86F9A6D42AC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Table Text Block]</link:label>
    <link:label id="lab_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_4417023F0A41B1A80791FFC01691C2FB_documentation_en-US" xlink:label="lab_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_E7381E43E6CC51CFAAFEA86F9A6D42AC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular presentation of Fair value assets and liabilities measured on recurring basis unobservable input reconciliation.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock" xlink:label="loc_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_E7381E43E6CC51CFAAFEA86F9A6D42AC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_E7381E43E6CC51CFAAFEA86F9A6D42AC" xlink:to="lab_ambc_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_E7381E43E6CC51CFAAFEA86F9A6D42AC" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_F285E41B4216A75E1589FFC0169110C7_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_E37E889E93805417BA15C0C1F4491D8F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Gains and Losses (Realized and Unrealized) Relating to Level 3 Assets and Liabilities Included in Earnings</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_F285E41B4216A75E1589FFC0169110C7_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_E37E889E93805417BA15C0C1F4491D8F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_E37E889E93805417BA15C0C1F4491D8F" xlink:type="locator" />
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    <link:label id="lab_ambc_CreditDerivativeMember_55640BD5298021F3F86656922619D624_verboseLabel_en-US" xlink:label="lab_ambc_CreditDerivativeMember_937176AB69C75071BF5C1650B439942B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Credit Derivatives [Member]</link:label>
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    <link:label id="lab_ambc_CallOptionsonLongTermDebtMember_F6F71E43027757BF3660569226199463_terseLabel_en-US" xlink:label="lab_ambc_CallOptionsonLongTermDebtMember_ED7123320DEE539D8C7ED2561FE021ED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Call Options on Long-Term Debt [Member]</link:label>
    <link:label id="lab_ambc_CallOptionsonLongTermDebtMember_F6F71E43027757BF3660569226199463_label_en-US" xlink:label="lab_ambc_CallOptionsonLongTermDebtMember_ED7123320DEE539D8C7ED2561FE021ED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Call Options on Long-Term Debt [Member]</link:label>
    <link:label id="lab_ambc_CallOptionsonLongTermDebtMember_F6F71E43027757BF3660569226199463_documentation_en-US" xlink:label="lab_ambc_CallOptionsonLongTermDebtMember_ED7123320DEE539D8C7ED2561FE021ED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Call Options on Long-Term Debt [Member]</link:label>
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    <link:label id="lab_ambc_LongTermDebtUnpaidPrincipalBalance_34178EAF62B33AD5E8D3ED2A9757DD81_terseLabel_en-US" xlink:label="lab_ambc_LongTermDebtUnpaidPrincipalBalance_BDA963466D1F5EB2A367B5A7496A24E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt, Unpaid principal balance</link:label>
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    <link:label id="lab_ambc_LongTermDebtUnpaidPrincipalBalance_34178EAF62B33AD5E8D3ED2A9757DD81_documentation_en-US" xlink:label="lab_ambc_LongTermDebtUnpaidPrincipalBalance_BDA963466D1F5EB2A367B5A7496A24E2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of principal outstanding on long-term debt that is presented on the balance sheet at fair value, whether such presentation is as a separate caption or parenthetical disclosure.</link:label>
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    <link:label id="lab_us-gaap_NetInvestmentIncomeAbstract_77B407745F482388CD702DDDD282AB1C_terseLabel_en-US" xlink:label="lab_us-gaap_NetInvestmentIncomeAbstract_77B407745F482388CD702DDDD282AB1C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net investment income:</link:label>
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    <link:label id="lab_us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale_02B7AF9D3100337DC4242DDDD2827B7F_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale_02B7AF9D3100337DC4242DDDD2827B7F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities available-for-sale and short-term</link:label>
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    <link:label id="lab_ambc_OtherInvestmentIncome_5032F3194D9ACF98CE0E2DDDD2823A29_terseLabel_en-US" xlink:label="lab_ambc_OtherInvestmentIncome_5032F3194D9ACF98CE0E2DDDD2823A29" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other investments</link:label>
    <link:label id="lab_ambc_OtherInvestmentIncome_5032F3194D9ACF98CE0E2DDDD2823A29_label_en-US" xlink:label="lab_ambc_OtherInvestmentIncome_5032F3194D9ACF98CE0E2DDDD2823A29" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Investment Income</link:label>
    <link:label id="lab_ambc_OtherInvestmentIncome_5032F3194D9ACF98CE0E2DDDD2823A29_documentation_en-US" xlink:label="lab_ambc_OtherInvestmentIncome_5032F3194D9ACF98CE0E2DDDD2823A29" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other investment income not specified in the taxonomy.</link:label>
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    <link:label id="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_0C3D65C390EFEDB7A4972DDDD282F64B_terseLabel_en-US" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_0C3D65C390EFEDB7A4972DDDD282F64B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other-than-temporary impairment losses:</link:label>
    <link:label id="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_0C3D65C390EFEDB7A4972DDDD282F64B_label_en-US" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_0C3D65C390EFEDB7A4972DDDD282F64B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other than Temporary Impairment Losses, Investments [Abstract]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_0C3D65C390EFEDB7A4972DDDD282F64B" xlink:to="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_0C3D65C390EFEDB7A4972DDDD282F64B" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities_07918C00A8BC8120972F2DDDD28316CD_terseLabel_en-US" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities_07918C00A8BC8120972F2DDDD28316CD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other than Temporary Impairment Losses, Investments, Available-for-sale Securities</link:label>
    <link:label id="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities_07918C00A8BC8120972F2DDDD28316CD_label_en-US" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities_07918C00A8BC8120972F2DDDD28316CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other than Temporary Impairment Losses, Investments, Available-for-sale Securities</link:label>
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    <link:label id="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_7A0FCE55246A031B1A832DDDD2832F7B_label_en-US" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_7A0FCE55246A031B1A832DDDD2832F7B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_7A0FCE55246A031B1A832DDDD2832F7B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_7A0FCE55246A031B1A832DDDD2832F7B" xlink:to="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_7A0FCE55246A031B1A832DDDD2832F7B" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_C6A2E33E464EB3EF788B2DDDD28322B6_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_C6A2E33E464EB3EF788B2DDDD28322B6" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Net other-than-temporary impairments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_C6A2E33E464EB3EF788B2DDDD28322B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_C6A2E33E464EB3EF788B2DDDD28322B6" xlink:to="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_C6A2E33E464EB3EF788B2DDDD28322B6" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_833A12C96B6BC35C4E142DDDD283FD08_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_833A12C96B6BC35C4E142DDDD283FD08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments</link:label>
    <link:label id="lab_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_833A12C96B6BC35C4E142DDDD283FD08_label_en-US" xlink:label="lab_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_833A12C96B6BC35C4E142DDDD283FD08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments" xlink:label="loc_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_833A12C96B6BC35C4E142DDDD283FD08" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_833A12C96B6BC35C4E142DDDD283FD08" xlink:to="lab_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_833A12C96B6BC35C4E142DDDD283FD08" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditRiskDerivativesAtFairValueNetAbstract_61FCDD6F8EF859A1F2262DDDD283AF6E_terseLabel_en-US" xlink:label="lab_us-gaap_CreditRiskDerivativesAtFairValueNetAbstract_61FCDD6F8EF859A1F2262DDDD283AF6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value of credit derivatives:</link:label>
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    <link:label id="lab_us-gaap_GainLossOnSaleOfDerivatives_B26C343B1EB51D4005DD2DDDD283BADD_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDerivatives_B26C343B1EB51D4005DD2DDDD283BADD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Derivatives</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfDerivatives_B26C343B1EB51D4005DD2DDDD283BADD_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDerivatives_B26C343B1EB51D4005DD2DDDD283BADD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Derivatives</link:label>
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    <link:label id="lab_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_50E14C2CC3C49CEED1AEED2A9A82DEDF_totalLabel_en-US" xlink:label="lab_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_4B853F03483052C0AA7F1B0E5F1DDA38" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net realized (losses) gains</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments" xlink:label="loc_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_4B853F03483052C0AA7F1B0E5F1DDA38" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_4B853F03483052C0AA7F1B0E5F1DDA38" xlink:to="lab_us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments_4B853F03483052C0AA7F1B0E5F1DDA38" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_BD7C1A490D2ACB0DF513BF90CD26D0C2_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_BD7C1A490D2ACB0DF513BF90CD26D0C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, March 31, 2016</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_BD7C1A490D2ACB0DF513BF90CD26D0C2_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_BD7C1A490D2ACB0DF513BF90CD26D0C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Next Quarter</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_BD7C1A490D2ACB0DF513BF90CD26D0C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_BD7C1A490D2ACB0DF513BF90CD26D0C2" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_BD7C1A490D2ACB0DF513BF90CD26D0C2" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_88291F29AF7CC4EBF357BF90CD26CA5A_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_88291F29AF7CC4EBF357BF90CD26CA5A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, June 30. 2016</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_88291F29AF7CC4EBF357BF90CD26CA5A_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_88291F29AF7CC4EBF357BF90CD26CA5A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Second Quarter</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_88291F29AF7CC4EBF357BF90CD26CA5A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_88291F29AF7CC4EBF357BF90CD26CA5A" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_88291F29AF7CC4EBF357BF90CD26CA5A" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_9A867E39B823F89235BEBF90CD262B72_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_9A867E39B823F89235BEBF90CD262B72" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, September 30, 2016</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_9A867E39B823F89235BEBF90CD262B72_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_9A867E39B823F89235BEBF90CD262B72" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Third Quarter</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_9A867E39B823F89235BEBF90CD262B72" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_9A867E39B823F89235BEBF90CD262B72" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_9A867E39B823F89235BEBF90CD262B72" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_6246C9FA95F9D0657FA9BF90CD263C69_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_6246C9FA95F9D0657FA9BF90CD263C69" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2016</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_6246C9FA95F9D0657FA9BF90CD263C69_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_6246C9FA95F9D0657FA9BF90CD263C69" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Fourth Quarter</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_6246C9FA95F9D0657FA9BF90CD263C69" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_6246C9FA95F9D0657FA9BF90CD263C69" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_6246C9FA95F9D0657FA9BF90CD263C69" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_44B44FB5455A71FBD604BF90CD26D880_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_44B44FB5455A71FBD604BF90CD26D880" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2017</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_44B44FB5455A71FBD604BF90CD26D880_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_44B44FB5455A71FBD604BF90CD26D880" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year Two</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_44B44FB5455A71FBD604BF90CD26D880" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_44B44FB5455A71FBD604BF90CD26D880" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_44B44FB5455A71FBD604BF90CD26D880" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_B7D65AAF353D2F42DFB5BF90CD264554_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_B7D65AAF353D2F42DFB5BF90CD264554" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2018</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_B7D65AAF353D2F42DFB5BF90CD264554_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_B7D65AAF353D2F42DFB5BF90CD264554" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year Three</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_B7D65AAF353D2F42DFB5BF90CD264554" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_B7D65AAF353D2F42DFB5BF90CD264554" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_B7D65AAF353D2F42DFB5BF90CD264554" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_33EAE3307A0E9207597ABF90CD26365F_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_33EAE3307A0E9207597ABF90CD26365F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2019</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_33EAE3307A0E9207597ABF90CD26365F_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_33EAE3307A0E9207597ABF90CD26365F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year Four</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_33EAE3307A0E9207597ABF90CD26365F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_33EAE3307A0E9207597ABF90CD26365F" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_33EAE3307A0E9207597ABF90CD26365F" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_DC085ED4BFC46EEC1A27BF90CD26A8AD_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_DC085ED4BFC46EEC1A27BF90CD26A8AD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2020</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_DC085ED4BFC46EEC1A27BF90CD26A8AD_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_DC085ED4BFC46EEC1A27BF90CD26A8AD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_DC085ED4BFC46EEC1A27BF90CD26A8AD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_DC085ED4BFC46EEC1A27BF90CD26A8AD" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_DC085ED4BFC46EEC1A27BF90CD26A8AD" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A5806832D6A6B8385C7CBF90CD263AB7_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A5806832D6A6B8385C7CBF90CD263AB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2025</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A5806832D6A6B8385C7CBF90CD263AB7_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A5806832D6A6B8385C7CBF90CD263AB7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year Six Through Ten</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A5806832D6A6B8385C7CBF90CD263AB7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A5806832D6A6B8385C7CBF90CD263AB7" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A5806832D6A6B8385C7CBF90CD263AB7" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_D7527D35FFD2E0E098E6BF90CD26BA44_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_D7527D35FFD2E0E098E6BF90CD26BA44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2030</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_D7527D35FFD2E0E098E6BF90CD26BA44_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_D7527D35FFD2E0E098E6BF90CD26BA44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year 11 Through 15</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_D7527D35FFD2E0E098E6BF90CD26BA44" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_D7527D35FFD2E0E098E6BF90CD26BA44" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_D7527D35FFD2E0E098E6BF90CD26BA44" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan15AndWithin20YearsFromBalanceSheetDate_28A34E943F794C082AF1BF90CD2791BE_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan15AndWithin20YearsFromBalanceSheetDate_28A34E943F794C082AF1BF90CD2791BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2035</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan15AndWithin20YearsFromBalanceSheetDate_28A34E943F794C082AF1BF90CD2791BE_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan15AndWithin20YearsFromBalanceSheetDate_28A34E943F794C082AF1BF90CD2791BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year 16 Through 20</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan15AndWithin20YearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan15AndWithin20YearsFromBalanceSheetDate_28A34E943F794C082AF1BF90CD2791BE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan20AndWithin25YearsFromBalanceSheetDate_565998A33F0A49C96FAEBF90CD276C47_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan20AndWithin25YearsFromBalanceSheetDate_565998A33F0A49C96FAEBF90CD276C47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year 21 Through 25</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan20AndWithin25YearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan20AndWithin25YearsFromBalanceSheetDate_565998A33F0A49C96FAEBF90CD276C47" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan25AndWithin30YearsFromBalanceSheetDate_D1F319C30735018183F1BF90CD27112E_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan25AndWithin30YearsFromBalanceSheetDate_D1F319C30735018183F1BF90CD27112E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2045</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan25AndWithin30YearsFromBalanceSheetDate_D1F319C30735018183F1BF90CD27112E_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan25AndWithin30YearsFromBalanceSheetDate_D1F319C30735018183F1BF90CD27112E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year 26 Through 30</link:label>
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan30AndWithin35YearsFromBalanceSheetDate_5F9D0C2D62556EDA423CBF90CD275F28_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan30AndWithin35YearsFromBalanceSheetDate_5F9D0C2D62556EDA423CBF90CD275F28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2050</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan30AndWithin35YearsFromBalanceSheetDate_5F9D0C2D62556EDA423CBF90CD275F28_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan30AndWithin35YearsFromBalanceSheetDate_5F9D0C2D62556EDA423CBF90CD275F28" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year 31 Through 35</link:label>
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan35AndWithin40YearsFromBalanceSheetDate_E8D2A2561C99A955E143BF90CD27CBB3_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan35AndWithin40YearsFromBalanceSheetDate_E8D2A2561C99A955E143BF90CD27CBB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2055</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan35AndWithin40YearsFromBalanceSheetDate_E8D2A2561C99A955E143BF90CD27CBB3_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan35AndWithin40YearsFromBalanceSheetDate_E8D2A2561C99A955E143BF90CD27CBB3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year 36 Through 40</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan35AndWithin40YearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan35AndWithin40YearsFromBalanceSheetDate_E8D2A2561C99A955E143BF90CD27CBB3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan35AndWithin40YearsFromBalanceSheetDate_E8D2A2561C99A955E143BF90CD27CBB3" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan35AndWithin40YearsFromBalanceSheetDate_E8D2A2561C99A955E143BF90CD27CBB3" xlink:type="arc" />
    <link:label id="lab_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B_terseLabel_en-US" xlink:label="lab_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, December 31, 2060</link:label>
    <link:label id="lab_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B_label_en-US" xlink:label="lab_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Forty And Within Forty Five Years From Balance Sheet Date</link:label>
    <link:label id="lab_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B_documentation_en-US" xlink:label="lab_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of premium receivables under financial guarantee insurance contracts expected to be collected in the forty-first through the forty-fifth fiscal year following the latest fiscal year.</link:label>
    <link:loc xlink:href="ambc-20160930.xsd#ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate" xlink:label="loc_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B" xlink:to="lab_ambc_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFortyAndWithinFortyFiveYearsFromBalanceSheetDate_80B47A0A63E49C261ACDBF90CD27C57B" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_7C5E25F7F57A81A360FEBF90CD27CD35_totalLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_7C5E25F7F57A81A360FEBF90CD27CD35" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Future premiums expected to be collected, Total</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_7C5E25F7F57A81A360FEBF90CD27CD35_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_7C5E25F7F57A81A360FEBF90CD27CD35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_7C5E25F7F57A81A360FEBF90CD27CD35" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate_C41D1D8593820F8121D8BF90CD27939A_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate_C41D1D8593820F8121D8BF90CD27939A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premium to be earned, net of reinsurance, March 31, 2016</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate_C41D1D8593820F8121D8BF90CD27939A_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate_C41D1D8593820F8121D8BF90CD27939A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Next Quarter</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate_C41D1D8593820F8121D8BF90CD27939A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate_3246630F98ECC6B0371CBF90CD2742E9_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate_3246630F98ECC6B0371CBF90CD2742E9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premiums to be earned, net of reinsurance, June 30, 2016</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate_3246630F98ECC6B0371CBF90CD2742E9_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate_3246630F98ECC6B0371CBF90CD2742E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Second Quarter</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate_3246630F98ECC6B0371CBF90CD2742E9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate_1BB1FC537E610F4FE30EBF90CD277964_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate_1BB1FC537E610F4FE30EBF90CD277964" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premiums to be earned, net of reinsurance, September 30, 2016</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate_1BB1FC537E610F4FE30EBF90CD277964_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate_1BB1FC537E610F4FE30EBF90CD277964" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Third Quarter</link:label>
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_963867EEA6FE9DC47E1FBF90CD28534D_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_963867EEA6FE9DC47E1FBF90CD28534D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premiums to be earned, net of reinsurance, December 31, 2020</link:label>
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A8093ED7890C9F5E404FBF90CD2820F5_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_A8093ED7890C9F5E404FBF90CD2820F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premiums to be earned, net of reinsurance, December 31, 2025</link:label>
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan10AndWithin15YearsFromBalanceSheetDate_241968A435C6050B7D11BF90CD28CD9E_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan10AndWithin15YearsFromBalanceSheetDate_241968A435C6050B7D11BF90CD28CD9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premiums to be earned, net of reinsurance, December 31, 2030</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan10AndWithin15YearsFromBalanceSheetDate_241968A435C6050B7D11BF90CD28CD9E_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan10AndWithin15YearsFromBalanceSheetDate_241968A435C6050B7D11BF90CD28CD9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year 11 Through 15</link:label>
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan15AndWithin20YearsFromBalanceSheetDate_FB8D0022C0F6A43ECA5BBF90CD28FCF2_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan15AndWithin20YearsFromBalanceSheetDate_FB8D0022C0F6A43ECA5BBF90CD28FCF2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premiums to be earned, net of reinsurance, December 31, 2035</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan15AndWithin20YearsFromBalanceSheetDate_FB8D0022C0F6A43ECA5BBF90CD28FCF2_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan15AndWithin20YearsFromBalanceSheetDate_FB8D0022C0F6A43ECA5BBF90CD28FCF2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year 16 Through 20</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan15AndWithin20YearsFromBalanceSheetDate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan15AndWithin20YearsFromBalanceSheetDate_FB8D0022C0F6A43ECA5BBF90CD28FCF2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan20AndWithin25YearsFromBalanceSheetDate_37FE6B3E8751286D7A65BF90CD28521E_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan20AndWithin25YearsFromBalanceSheetDate_37FE6B3E8751286D7A65BF90CD28521E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premiums to be earned, net of reinsurance, December 31, 2040</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan20AndWithin25YearsFromBalanceSheetDate_37FE6B3E8751286D7A65BF90CD28521E_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan20AndWithin25YearsFromBalanceSheetDate_37FE6B3E8751286D7A65BF90CD28521E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year 21 Through 25</link:label>
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    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan25AndWithin30YearsFromBalanceSheetDate_07583A613A981D6F945DBF90CD2877BD_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan25AndWithin30YearsFromBalanceSheetDate_07583A613A981D6F945DBF90CD2877BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected premiums to be earned, net of reinsurance, December 31, 2045</link:label>
    <link:label id="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan25AndWithin30YearsFromBalanceSheetDate_07583A613A981D6F945DBF90CD2877BD_label_en-US" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan25AndWithin30YearsFromBalanceSheetDate_07583A613A981D6F945DBF90CD2877BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year 26 Through 30</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_3B42C3E1301956509255A5371BE21E81" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAmortizedCost_76333EEBD223566099C83D124A5C1D24" xlink:type="locator" />
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