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Special Purpose Entities, Including Variable Interest Entities - Summary of Carrying Amount of Assets, Liabilities and Maximum Exposure to Loss of Ambac's Variable Interests in Non-Consolidated Variable Interest Entities (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Variable Interest Entities [Line Items]    
Maximum Exposure To Loss $ 27,357 $ 27,998
Insurance Assets 2,243 2,314
Insurance Liabilities 1,057 1,122
Derivative Liabilities 6  
Variable Interest Entity, Primary Beneficiary [Member]    
Variable Interest Entities [Line Items]    
Derivative Liabilities   8
Global Public Finance [Member]    
Variable Interest Entities [Line Items]    
Maximum Exposure To Loss 21,330 21,646
Insurance Assets 266 263
Insurance Liabilities 291 287
Derivative Liabilities 0 0
Global Structured Finance [Member]    
Variable Interest Entities [Line Items]    
Maximum Exposure To Loss 6,027 6,352
Insurance Assets 1,977 2,051
Insurance Liabilities 766 834
Derivative Liabilities 7 8
Global Structured Finance [Member] | Residential Mortgage-Backed Securities [Member]    
Variable Interest Entities [Line Items]    
Maximum Exposure To Loss 4,065 4,308
Insurance Assets 1,951 2,024
Insurance Liabilities 513 580
Derivative Liabilities 0 0
Global Structured Finance [Member] | Other Consumer Asset-Backed [Member]    
Variable Interest Entities [Line Items]    
Maximum Exposure To Loss 981 1,050
Insurance Assets 23 24
Insurance Liabilities 239 239
Derivative Liabilities 0 0
Global Structured Finance [Member] | Other Commercial Asset-Backed [Member]    
Variable Interest Entities [Line Items]    
Maximum Exposure To Loss 23 24
Insurance Assets 3 3
Insurance Liabilities 1 1
Derivative Liabilities 0 0
Global Structured Finance [Member] | Other [Member]    
Variable Interest Entities [Line Items]    
Maximum Exposure To Loss 958 970
Insurance Assets 0 0
Insurance Liabilities 13 13
Derivative Liabilities $ 7 $ 8