Thames Water Debt Insurer Taps Advisers as Crisis Deepens April 26, 2024 By Jessica Shankleman, Giulia Morpurgo and Lucca de Paoli A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with...
Insurers Balk at Study Questioning Value of Municipal Bond Insurance September 27, 2019 By Martin Z. Braun Around noon one Wednesday in July, two school districts from California’s Central Valley auctioned off their bonds to Wall Street...
Assured Guaranty to Take Over BlueMountain Capital for $160 Million August 8, 2019 By Nabila Ahmed and Hema Parmar Assured Guaranty Ltd. has agreed to take over BlueMountain Capital Management, the $19.3 billion money manager that has come under...
Bond Insurer Assured Guaranty Sues Puerto Rico Again Over Turnaround Plan May 23, 2018 By Nick Brown Bond insurer Assured Guaranty sued Puerto Rico and its federally-appointed oversight board on Wednesday, saying their plan to resuscitate the...
Bond Insurer Assured Guaranty Defends Against Attack by Greenlight’s Einhorn April 24, 2018 Hedge fund manager David Einhorn said on Monday that his Greenlight Capital was betting Assured Guaranty’s stock will fall, sending...
Even with Rescue, Puerto Rico Default Likely; Insurers Still at Risk for Millions June 30, 2016 Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt...
Bond Insurers’ Lawsuits Against Puerto Rico to Be Combined January 22, 2016 By Tracy Rucinski A second lawsuit over Puerto Rico’s debt default will be joined with a similar suit in order to save time...
California City and Assured Guaranty Reach Bankruptcy Exit Deal October 4, 2013 By Jim Christie Stockton, Calif. and Assured Guaranty have reached an agreement to restructure more than $150 million of outstanding debt to help...