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By Mark E. Ruquet, PropertyCasualty360.com |
May 18, 2012
Bond insurer Ambac Assurance Corp. received permission from its Wisconsin regulator to purchase surplus notes the company issued in 2010, but did not get permission to pay interest on the notes.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 23, 2012
Ambac Financial Group Inc. reports a 2011 fourth-quarter net loss of more than $963 million as a combination of financial factors negatively impacted the company’s earnings.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 15, 2012
Troubled bond insurer Ambac Financial Group Inc. says a federal-bankruptcy judge granted approval late yesterday for its plan to reorganize the company.
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By Mark E. Ruquet, PropertyCasualty360.com |
February 28, 2012
Bond insurer Ambac Financial Group Inc. says it has offered to pay the Internal Revenue Service more than $100 million dollars and give up tax credits to settle a dispute over tax treatment of credit default swaps.
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By Karen Freifeld, Reuters |
November 28, 2011
Bond insurer Assured Guaranty Ltd filed new claims against JPMorgan Chase & Co over a mortgage-backed security sold by Bear Stearns, saying more than 35 witnesses have come forward to testify about how loans in the $337 million transaction were misrepresented.
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By Nick Brown, Reuters |
October 5, 2011
A federal judge has given Ambac Financial Group her approval to send its bankruptcy exit plan to creditors for a vote.
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By Mark E. Ruquet, PropertyCasualty360.com |
September 23, 2011
Ambac Financial Group, Inc. says it has reached an agreement with Wisconsin regulators over outstanding tax and expense-related issues surrounding subsidiary Ambac Assurance Corp.
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By Staff Writer |
August 10, 2011
Troubled guaranty insurer Ambac Financial Group Inc. reports its net loss increased by $45 million driven by several factors including lower net premiums.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 15, 2011
Ambac says it hopes it can reach an agreement with Wisconsin’s insurance commissioner that will allow the company to file its bankruptcy reorganization plan.
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By Mark E. Ruquet, PropertyCasualty360.com |
July 7, 2011
The Wisconsin insurance commissioner says Ambac Financial Group’s plan for reorganization is not in the best interest of policyholders and says he intends to contest it.
