Sentences with phrase «monoline insurers»
As monoline insurers, the MIs serve as capital that is more permanent and committed to taking only U.S. housing risk, where the IMAGIN panel of reinsurers have no such commitment.
usmi.org
He has litigated commercial claims on behalf of the world's premier banks and pharmaceutical companies, among others, in actions ranging from breach of contract cases to the representation of a prominent French bank in connection with fraud and other claims against monoline insurers.
Institutional investors and monoline insurers subsequently sued Chase, alleging securities fraud and other causes of action.
Isn't this a bit like the reliance on the monoline insurers?
Some municipal bonds are insured by outside agencies, usually a monoline insurer, which promises to pay the interest and principal if the bond's issuer defaults.
Marc Kasowitz himself is preparing for an April 2 trial in New York state court in his defense of MBIA Inc. in ongoing litigation brought by banks challenging the monoline insurer's 2009 restructuring.