Markets/Coverages: Inigo Provides Excess DIC/DIL Cover on Financial Fraud Policies August 19, 2025 Inigo Ltd., the Lloyd’s specialty insurer, has launched a product that provides top-up cover on financial fraud policies. The product,...
New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities September 8, 2022 By Jody Godoy Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities...
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...
Insurer MBIA Sues Banks Over ‘Financial Tragedy’ of Defaulted Puerto Rico Bonds August 12, 2019 Bond insurance company MBIA Inc. sued several financial institutions on Thursday over their role in underwriting billions of dollars of...
XL Catlin Offers Political Risk, Credit & Bond Insurance in Canada; Zurich’s Azzopardi Named Lead U/W May 31, 2017 XL Catlin has opened its first Political Risk, Credit and Bond (PRCB) insurance practice in Canada and has appointed Marvin...
Va. City Could Face Foreclosure on City Hall Over Bond Debt, Insurer Says July 9, 2015 An insurance company says Buena Vista, Virginia, could face foreclosure on its city hall and police department if a bond...
Bankrupt Detroit, Bond Insurer Reach Agreement September 10, 2014 By Joel Rosenblatt Detroit and Syncora Guarantee Inc. reached an agreement in their dispute over claims in the city’s $7 billion debt-reduction program...
Bond Insurer Syncora Fighting City’s Plans in Detroit Bankruptcy June 26, 2014 By Karen Pierog Bond insurer Syncora Guarantee Inc has emerged as Detroit, Mich.’s chief nemesis in the city’s historic bankruptcy case and is...
Municipal Bond Insurance Sales Expected to Rise With Interest Rates April 13, 2014 By Michelle Kaske Demand for municipal bond insurance is poised to increase as rising interest rates reduce investor appetite for riskier state and...
Ironshore Adds Surety Capacity Through Lexon, Boston Indemnity Group July 29, 2013 Ironshore Inc. and Lexon Surety Group are broadening their strategic alliance by providing additional capacity for Boston Indemnity Group (BIG),...