Sentences with phrase «after bond insurer»

Detroit has grown closer to agreement on most of its restructuring plan, after bond insurer Syncora (the biggest opponent of the city's plan) agreed to a deal on Monday.

Not exact matches

His legal background proved invaluable in 1991, when the state of California and its insurance commissioner John Garamendi seized Raleigh's then - financial partner Executive Life Insurance Company after the value of the insurer's multibillion - dollar portfolio collapsed — a fate tied to its massive investments in the junk bond market of the go - go 1980s.

Puerto Rico's power authority, which supplies electricity to the island's 3.6 million people, made a $ 415 million debt payment that was due Wednesday after reaching a deal with its bond insurers to borrow more money.

French insurer AXA SA's money - management unit has offered to cash out investors in a billion - dollar bond fund after the fund shrank in size by about 40 % last month.

Bond Dickinson has made a number of redundancies after losing its place on the UK panel of global insurer QBE.