Monoline bond insurers

RECENT NEWS
Insurance Journal  Dec 18  Comment 
Detroit’s path through bankruptcy began to take shape on Dec. 17, with a second bond insurance firm ready to drop its objections to a controversial city financing plan, joining another bond insurer, bondholders and a committee of retired city...
New York Times  Dec 17  Comment 
A lawyer who called himself a philanthropist was sentenced to six years in a fraud case in which he cost insurance companies and bond insurers $46 million, a judge said.     
TheStreet.com  Dec 4  Comment 
NEW YORK (TheStreet) -- A Michigan judge's decision not to challenge the City of Detroit's petition to enter bankruptcy capped a banner day for bond insurers Ambac, MBIA and Assured Guaranty , according to BTIG analyst Mark Palmer. Detroit's...
Financial Times  Oct 14  Comment 
S&P warns MBIA and Assured Guaranty that they will need to set aside more than $100m if US territory’s credit rating is downgraded by two categories
Financial Times  Aug 11  Comment 
MBIA and Assured Guaranty are to relaunch subsidiary businesses as they anticipate increased demand for insurance after US city collapses into debt
Reuters  Aug 11  Comment 
At first glance, it is hard to see Detroit's bankruptcy filing as anything but another body blow for downtrodden U.S. municipal bond insurers, which could be on the hook to investors for hundreds of millions of dollars in losses on the city's debt.
The Globe and Mail  Jul 30  Comment 
The housing crisis delivered heavy blows to the industry, and a muni crisis could finish it
Financial Times  Jul 29  Comment 
Fallout from Detroit’s bankruptcy could have a big effect – it could rekindle demand for bond insurance or it could be another hard blow for the sector
Reuters  May 23  Comment 
While bond insurers MBIA Inc and FGIC Corp receive the lion's share of Ally Financial Inc's $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson & Co may have obtained a better deal.




 
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