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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.
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By Karen Freifeld, Reuters |
May 15, 2012
Bank of America Corp and Societe Generale on Tuesday will begin opening arguments in a New York State courtroom to overturn the 2009 restructuring of bond insurer MBIA Inc.
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By Mark E. Ruquet, PropertyCasualty360.com |
April 24, 2012
After close to three years of legal wrangling, MBIA and a group of banks will finally fight it out in court come May 14 after a New York State judge set a date for trial.
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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.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 13, 2012
The testiness between guaranty insurer MBIA and a group of banks over insurance coverage of structured financial instruments got more personal as each side accused the other of wrongdoing in court.
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By Arthur D. Postal, PropertyCasualty360.com |
November 8, 2011
American International Group, MetLife and Prudential are the three most likely U.S. insurers to be deemed as systemically important enough to be subject to federal as well as state regulation, says Moody’s Investors Service in a report.
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By Mark E. Ruquet, PropertyCasualty360.com |
June 30, 2011
The New York Court of Appeals ruled that a group of banks can go ahead with their lawsuit against MBIA, which questions the validity of the break-up of the insurer.
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By Mark E. Ruquet, PropertyCasualty360.com |
June 29, 2011
The New York Court of Appeals ruled that a group of banks can go ahead with their lawsuit against MBIA, which questions the validity of the break-up of the insurer.
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By Caroline McDonald, PropertyCasualty360.com |
May 11, 2011
A page-one New York Times article this week slammed state captive insurance laws, stating that they allow companies to “conduct Bermuda-style financial wizardry” in the U.S., but the Times company, it turns out, has its own captive domiciled in New York.
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By Chad Hemenway, PropertyCasualty360.com |
April 4, 2011
In their assessments of the likely losses the Tohoku earthquake caused to Japanese non-life insurers, prognosticators revealed the companies had accumulated significant residential catastrophe reserves—something that could not be said of insurers in the United States should a similar event happen here.
