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National Public Finance Guarantee Corporation Reaffirms the Status of FGIC Reinsured Policies
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Business Wire
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Wed Nov 25
ARMONK, N.Y.----National Public Finance Guarantee Corporation , an indirect subsidiary of MBIA Inc. , today confirmed that the announcement by Financial Guaranty Insurance Co that the New York State Insurance Department has ordered FGIC to suspend paying claims as of Tuesday, November 24, 2009, because it is in violation of the state's minimum capital requirements, will not affect the status of National’s coverage of the FGIC public finance policies reinsured by National.
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Old Republic International Corporation Declares Cash Dividend on Common Stock
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PR Newswire
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Wed Nov 25
Old Republic International Corporation reported today that it will pay its regular cash dividend of 17 cents per share.
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Ambac Chief Financial Officer Sean Leonard resigns
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AP
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Tue Nov 24
Embattled bond insurer Ambac Financial Group Inc. announced Tuesday the resignation of its chief financial officer. The company, based in New York, said Sean Leonard left "to pursue other interests."
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Ambac Announces Resignation of Sean Leonard, Senior Vice President and Chief Financial Officer
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Business Wire
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Tue Nov 24
NEW YORK----Ambac Financial Group, Inc. announced that Sean Leonard has resigned as Senior Vice President and Chief Financial Officer of Ambac to pursue other interests. Mr. Leonard’s resignation is effective today and, until such time as a replacement is named, his department heads will report directly to David Wallis, President and Chief Executive Officer.
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CNA Surety to Present at the FBR Capital Markets 2009 Fall Investor Conference on December 2nd, 2009
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PR Newswire
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Tue Nov 24
CNA Surety Corporation announced today that John F. Welch, President and Chief Executive Officer, and John F. Corcoran, Senior Vice President and Chief Financial Officer, will speak at the FBR Capital Markets 2009 Fall Investor Conference on Wednesday, December 2nd at 8:30 a.m. at the Grand Hyatt New York, Park Avenue at Grand Central, in New York City.
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Ambac Blames Data-Entry Errors for Misstatements
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TheStreet.com
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Fri Nov 20
Ambac acknowledged it misstated financial data for its bond-insurance unit, an error that helped it meet capital minimums in Wisconsin.
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Video: PMI Introduces New Video to Help Distressed Homeowners
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PR Newswire
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Thu Nov 19
PMI Mortgage Insurance Co., today introduced a new video to help homeowners experiencing financial hardship understand the benefits of the Home Affordable Modification Program and how they can take advantage of this important program.
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Ambac capital exceeds required minimum
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Reuters
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Wed Nov 18
Ambac Financial Group Inc said on Wednesday that the statutory capital of its main unit was well above a regulatory minimum at the end of the third quarter, easing concerns the company would fall short of funds and risk being taken over by state officials.
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Specialty Insurers on the Ropes
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Morningstar.com
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Mon Nov 16
Mortgage and bond insurance industries are a wreck, but title insurance offers some opportunities.
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Radian CEO to Present at the Barclays Capital Global Financial Services Conference
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PR Newswire
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Thu Sep 10
Radian Group Inc. announced today that S.A. Ibrahim, chief executive officer, will be presenting at Barclays Capital Global Financial Services Conference, which is being held at the Hilton New York Hotel on Tuesday, September 15, 2009 at 10:30 a.m.
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