Ambac

• MBIA Reports $626m Q4 Loss

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 1, 2012

  Bond insurer MBIA today reports a fourth-quarter loss of $626 million.

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  Embrace Both Federal and State Regulation

  By Mark E. Ruquet, PropertyCasualty360.com  |  November 7, 2011

  The debate should not be federal or state regulation, but rather effective regulation at both levels.

• Ambac’s Chief Exec & General Counsel Resign

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 14, 2011

  Troubled bond insurer Ambac says David Wallis, its president and CEO, and Kevin Doyle, senior vice president and general counsel, have resigned.

• Ambac Surplus Note Payment On Hold

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 2, 2011

  Note holders will have to wait before they receive interest payments on the notes they were issued as part of a settlement with guaranty insurer Ambac as the Wisconsin Insurance Commissioner reviews the tax implications of such payments.

• Ambac Sues Bank Of America Over Countrywide Loans

  By Mark E. Ruquet, PropertyCasualty360.com  |  September 30, 2010

  Ambac has sued Bank of America over the lending practices of Countrywide, the mortgage lending business the bank bought, saying the lender failed to follow its own standards when making loans.

• Moody's: Ambac Settlement Benefits Remaining Policyholders

  By Staff Writer  |  June 15, 2010

  Ambac's commutation settlements announced last week benefit remaining policyholders as the settlements are at a "substantial discount" to expected loss, according to Moody's.