Assured Guaranty Archives - Carrier Management

Puerto Rico Insurers Urge Talks to Avoid Major Bond Default

Puerto Rico's bond insurers are urging the commonwealth to negotiate with creditors as speculation increases that the island will default July 1 for the first time on its general-obligation debt. ...

Suit Alleging UBS Liable for $2B in Mortgage Bond Losses in Judge’s Hands

UBS AG urged a U.S. judge on Friday to reject claims that it should be held liable for $2 billion in losses that investors incurred on mortgage-backed securities issued before the collapse of the ...

Puerto Rico, Detroit Investors Buoyed by Bond Insurers’ Rebound

Buyers of debt issued by bankrupt Detroit or junk-rated Puerto Rico are finding it pays to have bond insurance. The backing is even more valuable after upgrades of units of Assured Guaranty Ltd. and ...

Assured Guaranty, JPMorgan Agree to End Mortgage Litigation

Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank's EMC Mortgage and Bear Stearns units of making misrepresentations about ...

Detroit Default, Restructuring Plan Break New Ground: Moody’s

Detroit's default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as ...