ARMONK, N.Y. -- MBIA Inc. (NYSE: MBI) Fitch Ratings yesterday announced that, pending MBIA's raising additional capital, it had placed the AA ratings of MBIA Inc. and AAA ratings of MBIA Insurance Corporation and its subsidiaries on Rating Watch Negative. In its press release, Fitch indicated that MBIA has a...
NEW YORK -- On Nov. 18, 2004, MBIA Inc. MBIA announced that it received identical document subpoenas from the Securities and Exchange Commission SEC and New York State Attorney General Eliot Spitzer requesting information with respect to 'non-traditional or loss mitigation insurance products developed, offered or sold by MBIA to...
ARMONK, N.Y. -- MBIA announced today that Richard R. Thevenet has joined the Company as managing director and treasurer of MBIA Inc. and MBIA Insurance Corporation. Mr. Thevenet joins MBIA from Pitney Bowes, where he was deputy treasurer of the Corporate Treasury. Reporting to Nicholas Ferreri, chief financial officer, Mr....
ARMONK, N.Y. -- MBIA Inc. (NYSE: MBI) issued the following statement in response to the decision by Moody's Investors Service to place the ratings of MBIA Inc. and MBIA Insurance Corporation on review for possible downgrade. The specific ratings affected are the Aaa insurance financial strength ratings of MBIA Insurance...
ARMONK, N.Y. -- MBIA Inc. (NYSE: MBI) today announced that C. Edward "Chuck" Chaplin, senior vice president and treasurer of Prudential Financial Inc., and a member of MBIA Inc.'s Board of Directors since 2002, will join MBIA as chief financial officer, vice chairman of MBIA Insurance Corporation and a member...
ARMONK, N.Y. -- MBIA Inc. (NYSE: MBI), the holding company for MBIA Insurance Corporation, today issued the following statement in response to the announcement issued by Moody's Investors Service on Wednesday, December 5.
NEW YORK -- Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York, against MBIA Incorporated ("MBIA" or the "Company") (NYSE:MBI), on behalf of purchasers of MBIA publicly traded securities between August 5, 2003 and March...
ARMONK, N.Y.--BUSINESS WIRE--Dec. 19, 1995--MBIA Inc. (NYSE: MBI), the holding company of MBIA Insurance Corporation, announced that it has sold a $75 million issue of 7.00 percent non-callable debentures due December 15, 2025.
ARMONK, N.Y. -- MBIA Inc. (NYSE: MBI) and MBIA Insurance Corporation announced today that the Independent Consultant, who was retained by MBIA pursuant to its previously announced settlement with the Securities and Exchange Commission SEC, the New York Attorney General's Office NYAG and the New York State Insurance Department NYSID,...
ARMONK, N.Y.--BUSINESS WIRE--Nov. 1, 1994--MBIA Inc. (NYSE:MBI), holding company for Municipal Bond Investors Assurance Corporation MBIA Corporation, today reported that third quarter net income increased 9 percent to $65.0 million compared with $59.8 million for the third quarter of 1993.
NEW YORK -- Notice is hereby given that a class action lawsuit was filed, on April 26, 2005, in the United States District Court for the Southern District of New York, against MBIA Incorporated ("MBIA" or the "Company") (NYSE:MBI), on behalf of purchasers of MBIA publicly traded securities between August...
ARMONK, N.Y.--BUSINESS WIRE--December 2, 1996--Gary C. Dunton, president of the Family and Business Insurance Group of USF&G Insurance, has joined the board of directors of MBIA Inc. (NYSE:MBI), it was announced today by David H. Elliott, chairman and chief executive officer. MBIA is the world's leading guarantor...
ARMONK, N.Y. -- MBIA Inc. (NYSE: MBI) today announced that Standard & Poor's Ratings Services has affirmed the Triple-A insurance financial strength ratings for MBIA Insurance Corporation. The Company also announced that Standard & Poor's changed its Outlook for MBIA Inc. and MBIA Insurance Corporation to Negative from Stable.
Felix Salmon submits: When it comes to the monolines, I've had quite a lot of sympathy for MBIA in general and for its CEO Jay Brown in particular. But if he carries on like this, that sympathy won't last long: MBIA Inc. said it may sue Bill Ackman,...
ARMONK, N.Y. -- MBIA Inc. (NYSE: MBI) and MBIA Insurance Corporation announced today that they have concluded civil settlements with the Securities and Exchange Commission SEC, the New York State Attorney General's Office NYAG, and the New York State Insurance Department NYSID with respect to transactions entered into by MBIA...
NEW YORK -- The 'AAA' insurer financial strength IFS rating of MBIA Insurance Corp. and the 'AA' long-term debt rating of MBIA Inc. (collectively, MBIA) remain unchanged following MBIA's announcement that it has received a Wells Notice from the staff of the U.S. Securities and Exchange Commission SEC. The Wells...
ARMONK, N.Y. -- MBIA Inc. (NYSE: MBI) announced today that it has decided to restate its financial statements for 1998 and subsequent years. The restatement is being made to correct the accounting treatment for two reinsurance agreements that MBIA entered into in 1998 with Converium Re (previously known as Zurich...
ARMONK, N.Y. -- MBIA (NYSE:MBI) today released a statement regarding the recent rating actions by Standard and Poors and Moody's Investors Service. "We are very pleased that Moody's has now joined Standard & Poors in affirming our Triple-A rating, adding to the growing confidence among our shareholders and issuers that...
FRESNO, Calif. -- An investor group led by the current management team has completed its purchase of the MBIA MuniServices division of MBIA, Inc., its corporate parent of nine years. According to Marc Herman, president of the firm, which will operate as MuniServices, LLC, the current management and staff will...
ARMONK, N.Y.--BUSINESS WIRE--April 7, 1999--MBIA Inc. (NYSE:MBI), holding company for MBIA Insurance Corporation, the world's leading financial guarantor, said it completed the previously announced review of unallocated loss reserves and, as a result, increased its loss-reserve factors. Starting in the first quarter, MBIA will set aside approximately .04 percent...
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