Monoline bond insurers

RECENT NEWS
Insurance Journal  Jul 24  Comment 
Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial...
SeekingAlpha  May 19  Comment 
By Invesco: By Tim O'Reilly and Greg Rawls After a long dry spell, we are starting to see renewed interest and growth in the insured municipal bond market. For investors, the promising outlook may be due to the recent...
MarketWatch  Apr 9  Comment 
The bankrupt city of Detroit reached a deal to divert some funds owed to bond insurers toward retiree pensions, according to a statement from Judge Gerald Rosen, who is acting as a mediator in the case. The deal, announced Wednesday, may push...
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.




 
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