surety insurer

• N.Y. Court Tosses Bank Suit Against MBIA

  By Mark E. Ruquet, PropertyCasualty360.com  |  January 12, 2011

  A New York state appeals court threw out a suit brought by a number of banks against bond insurer MBIA over the company’s plan to split its mortgage-backed securities exposure into a separate company.

• 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.

• Ambac Commutes Remaining CDO Obligations; Future Uncertain

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 8, 2010

  Ambac Financial Group, Inc. has come to an agreement with policyholders to convert all of its remaining $16.4 billion of collateralized debt obligations of asset-backed securities in a combination cash and debt payment, the company said.

• Ambac To Release 1Q Results After Delay

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 17, 2010

  Troubled surety insurer Ambac Financial Group Inc. said it plans to release its first-quarter results tomorrow, after announcing last week it was delaying the release.