MBIA Inc.

Headlines

Insurers Urge Congress to Level Bermuda Insurers’ Tax Playing Field

September 26, 2007 - An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee on Wednesday that a major tax advantage for certain foreign insurance ...
www.insurancejournal.com/news/national/2007/09/26/83753.htm

Commissioners to Hold Coastal Issues Public Hearing in Alabama

September 21, 2007 - National Association of Insurance Commissioners (NAIC) President and Alabama Insurance Commissioner Walter Bell, along with other members of the NAIC's Southeastern Zone, is holding a public hearing ...
www.insurancejournal.com/news/southeast/2007/09/21/83650.htm

It Figures

February 12, 2007 - $1 million The punitive damages amount to be lodged against State Farm after the federal judge overseeing the Mississippi Katrina claims cases reduced a recent $2.5 million jury award. U.S. District ...
www.insurancejournal.com/magazines/itfigures/2007/02/12/77223.htm

Figures

February 11, 2007 - $1 million The punitive damages amount to be lodged against State Farm after the federal judge overseeing the Mississippi Katrina claims cases reduced a recent $2.5 million jury award. U.S. District ...
www.insurancejournal.com/magazines/itfigures/2007/02/11/153375.htm

RenaissanceRe Settles Finite Risk Charges with SEC for $15 Million

February 8, 2007 - RenaissanceRe Holdings Ltd. has agreed to pay a $15 million fine to settle civil securities-fraud charges by federal regulators over what they said was a sham transaction designed to burnish its ...
www.insurancejournal.com/news/national/2007/02/08/76789.htm

Bond Insurer MBIA to Pay $75 Million to End Reinsurance Probe

January 29, 2007 - MBIA Corp., a large insurer of municipal bonds, has agreed to pay $75 million to settle an investigation by federal and New York state authorities into its accounting for a 1998 transaction, people ...
www.insurancejournal.com/news/national/2007/01/29/76361.htm

Converium Releases Earnings Restatement; Q3, 9 Month Results

February 28, 2006 - Zurich-based Converium announced the completion of an extensive review and a restatement of prior year financial statements ahead of its 2005 earnings release scheduled for March 15. It also released ...
www.insurancejournal.com/news/international/2006/02/28/65976.htm

People & Places

January 23, 2006 - Shelly Diegel has been elected chairman of the National Association of Professional Insurance Agents' company council of executive officers for 2006. Diegel is vice president for small business ...
www.insurancejournal.com/magazines/people/2006/01/23/65827.htm

People

January 22, 2006 - Shelly Diegel has been elected chairman of the National Association of Professional Insurance Agents' company council of executive officers for 2006. Diegel is vice president for small business ...
www.insurancejournal.com/magazines/people/2006/01/22/151338.htm

People & Places

January 2, 2006 - Frank Sheppard Michael Robinson has been named vice president and zone manager of ACE USA Professional Risk's, Southeast Region, a division of the ACE Group of Companies. Robinson will work with ...
www.insurancejournal.com/magazines/people/2006/01/02/64815.htm

People

January 1, 2006 - Michael Robinson has been named vice president and zone manager of ACE USA Professional Risk's, Southeast Region, a division of the ACE Group of Companies. Robinson will work with brokers and clients ...
www.insurancejournal.com/magazines/people/2006/01/01/151178.htm

Rosput Reynolds Named Safeco President; Brown Elected Non-Executive Chairman of the Board

December 7, 2005 - Safeco announced that Paula Rosput Reynolds has been named the company's new president and chief executive officer effective Jan. 1, 2006. Reynolds also was appointed to Safeco's board of ...
www.insurancejournal.com/news/national/2005/12/07/62817.htm

S&P Lowers Channel Re Outlook to Negative; Affirms ‘AAA’ Rating

June 16, 2005 - Standard & Poor's Ratings Services announced that it has revised its outlook on Channel Reinsurance Ltd.'s "AAA" financial strength and financial enhancement ratings to negative from stable. "While ...
www.insurancejournal.com/news/international/2005/06/16/56211.htm

Munich Re, Converium Receive U.S. Subpoenas

May 2, 2005 - Munich Re, the world's largest reinsurer, and Swiss reinsurer Converium have received subpoenas from the Securities Exchange Commission and New York State Attorney General Eliot Spitzer as part of ...
www.insurancejournal.com/news/international/2005/05/02/54446.htm

Harleysville Elects Directors; Names Chandler as CFO

April 28, 2005 - The shareholders of Harleysville Group Inc. and the policyholders of Harleysville Mutual Insurance Company, the owner of 56 percent of the shares of Harleysville Group, have re-elected three members ...
www.insurancejournal.com/news/east/2005/04/28/54342.htm

Axa Contacted by N.Y. AG, U.S. Securities and Exchange Commission Over MBIA Transactions

April 13, 2005 - French insurer Axa has reportedly been contacted by The New York Attorney General's Office and the U.S. Securities and Exchange Commission regarding prior transactions its reinsurance body had with ...
www.insurancejournal.com/news/international/2005/04/13/53721.htm

Scottish Re Closes $850 Million Securitization

February 14, 2005 - International life reinsurer Scottish Re Group Limited announced that it has closed an offering of $850 million of 30-year maturity securities from its newly formed, wholly-owned subsidiary Orkney ...
www.insurancejournal.com/news/international/2005/02/14/51400.htm

MBIA Provides Additional Information on Subpoenas

November 24, 2004 - New York- based financial guarantee insurer MBIA, Inc. has issued a follow-up bulletin concerning the subpoenas it recently received from the Securities and Exchange Commission and the New York ...
www.insurancejournal.com/news/national/2004/11/24/47994.htm

MBIA Acknowledges Subpoenas Regarding ‘Non-Traditional Products’

November 19, 2004 - Highly-rated financial service specialist MBIA Inc. announced that it has received identical document subpoenas today from the Securities and Exchange Commission and the New York Attorney General's ...
www.insurancejournal.com/news/national/2004/11/19/47874.htm

Rego and Hnat Take New Positions at XL Capital

July 19, 2004 - XL Capital Ltd., based in Hamilton, Bermuda, announced that Michael E. Rego and Frederick B. Hnat were appointed to new positions within its Financial Products and Services Operations. Rego was named ...
www.insurancejournal.com/news/international/2004/07/19/44074.htm