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Examples
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In the Wednesday hearing, a Wisconsin county court approved a settlement proposal from Ambac, which is undergoing it own restructuring.
Weinsteins End Debt Cliffhanger, Goldman Gets Film Library Stake 2010
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Ambac, which is another bond insurer, is up eight percent.
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Fund manager Wilbur Ross's offer to invest up to $1 billion in bond insurer Assured Guaranty is implicitly a refusal for now to shore up Assured Guaranty's bigger rivals such as Ambac and MBIA, who have worse problems.
Insure Bet 2008
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Fund manager Wilbur Ross offered to invest up to $1 billion in bond insurer Assured Guaranty, an implicit refusal for now to shore up Assured Guaranty's bigger rivals such as Ambac and MBIA, who have worse problems.
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Bond insurers such as Ambac and its biggest rival,
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: Bond insurers such as Ambac, MBIA and FGIC are talking to banks about wiping out $125 billion of insurance on risky debt securities in what could be the only way to limit the financial damage surrounding the bond insurers.
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Shares in Barclays and Citigroup, two other big players in CDOs, have suffered heavy declines in recent days, not to mention the stock of bond insurers such as Ambac Financial that also have CDO exposure.
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Legal experts have told the Sun that creditors such as Ambac would have more control over the potential sale of assets under Chapter 9 than under Chapter
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Legal experts have told the Sun that creditors such as Ambac would have more control over the potential sale of assets under Chapter 9 than under Chapter 11.
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-- Insured portfolio run off: During 2009, the Company commuted its entire insured portfolio assumed from Ambac Assurance Corporation ( "Ambac") effective April 8, 2009, along with other smaller commutations throughout 2009.
TradingMarkets 2010
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