Chuck Chaplin

• 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.

• MBIA Posts 3Q Profit; Ambac Records Loss

  By Mark E. Ruquet, PropertyCasualty360.com  |  November 10, 2011

  Two major bond insurers hobbled by the financial meltdown in the credit markets report mixed third-quarter results today.

• MBIA 2Q Profit Down 89%

  By Mark E. Ruquet, PropertyCasualty360.com  |  August 10, 2011

  Guaranty insurer MBIA says its second quarter performance was good despite reporting a $1.2 billion drop in net income over the same period last year.

• Losses Continue For Bond Insurers

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 16, 2011

  Two bond insurers reported first-quarter losses, with one of the companies, Ambac Financial Group, saying that it may have to liquidate pursuant to Chapter 7 if its reorganization plans are not successful.

• MBIA Posts $1.1B 1Q Loss, An Improvement Over Last Year

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 11, 2011

  MBIA narrowed its first-quarter net loss by more than $340 million as the company saw a steady decline in loss severity in its structured-finance obligations.

• Banks Say MBIA Undervalued Losses By As Much As $10B

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 25, 2011

  A group of banks seeking to prevent guaranty insurer MBIA Insurance Corp. from splitting into two companies says the company underestimated its losses by as much as $10 billion to the N.Y. State Insurance Dept.

• Banks Say MBIA Undervalued Losses By As Much As $10B

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 24, 2011

  A group of banks seeking to prevent guaranty insurer MBIA from splitting into two companies says the company underestimated its losses by as much as $10 billion to the New York Insurance Department.

• MBIA Split Panned By Four Former N.Y. Regulators

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 18, 2011

  Banks fighting the split of MBIA Insurance Corp. into two companies said they submitted affidavits from four former New York insurance superintendents stating that the N.Y. State Insurance Dept. violated its duty by allowing the insurer to make the move.

• MBIA Split Panned By Four Former N.Y. Regulators

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 15, 2011

  Banks fighting the split of MBIA into two companies said they submitted affidavits from four former New York insurance superintendents stating that the department violated its duty by allowing the insurer to make the move.

• Ambac Files For Bankruptcy; 3Q Profit Plummets

  By Chad Hemenway, PropertyCasualty360.com  |  November 15, 2010

  Ambac Financial Group Inc., which filed for bankruptcy protection last week, said its third-quarter earnings plunged.