Bond insurer

• Insurance Regulator Amends Ambac Note-Purchase Approval

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 24, 2012

  Wisconsin’s commissioner of insurance amended his decision from last week and will now allow Ambac to purchase just two of three bank notes.

• Judge Denies MBIA Demand for Information from Banks

  By Reuters  |  May 23, 2012

  Banks challenging bond insurer MBIA Inc's 2009 restructuring don't have to answer questions about whether they pushed state senators to start an investigation, a New York judge ruled on Tuesday.

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  The Week in Quotes

  By Staff Writers  |  May 18, 2012

  Leaders comment on the House's 30-day NFIP extension, force-placed insurance, and more.

• Ambac Gets Approval to Purchase Notes

  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.

• N.Y. State Senators Consider Hearing on MBIA

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 18, 2012

  Two New York State senators are considering hearings on the split of MBIA after banks raised questions about the move during a hearing in Manhattan.

• BofA Tells Judge MBIA Split Must Be Annulled

  By Karen Freifeld, Reuters  |  May 16, 2012

  Bond insurer MBIA Inc's restructuring during the financial crisis must be annulled because it was based on bad information, a lawyer for banks challenging the restructuring said on Tuesday.

• MBIA Posts Adjusted Q1 Loss

  By Reuters  |  May 11, 2012

  U.S. bond insurer MBIA Inc posted an adjusted loss compared with a year-ago profit, hurt by legal costs, losses on its insured exposures and investment impairments.

• Judge: Bank of America CEO Moynihan Must Testify in MBIA Lawsuit

  By Reuters  |  April 13, 2012

  A New York judge has ruled that Bank of America CEO Brian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities.

• Ambac Reports $963 Q4 Net Loss

  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.

• No Bonuses for MBIA Chief Execs

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 21, 2012

  The senior chief executives of MBIA will not be getting a bonus this year, though the compensation committee agreed that they are entitled to one.