MBIA; SEC Probing Reinsurance Deal Related to AHERF

Chang, Helen; Fine, Jacob
November 2004
Bond Buyer;11/24/2004, Vol. 350 Issue 32017, p5
Trade Publication
Reports that MBIA Inc. has said that the securities and exchange commission is investigating a reinsurance transaction related to the multimillion dollars of Allegheny Health, Education and Research Foundation bonds it insured in the year 1998 in the U.S. Assessment on the identical subpoenas from the SEC; Evaluation on the use of non-traditional insurance products; Issuance of the purported insurance policy to Brightpoint.


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