Put Ambac and Connie Lee together, and what do you get? Nobody's sure

Kruger, Daniel
October 1997
Bond Buyer;10/28/97, Vol. 322 Issue 30261, p9
Trade Publication
Focuses on the merger between Connie Lee Insurance Co. and Ambac Assurance Corp. Terms of the agreement; Impact of the deal on the insurance market in the United States; Significance of the merger to both companies.


Related Articles

  • Ambac Expects Connie Lee to Start Writing Business in Oct. Herman, Jack // Bond Buyer;8/7/2008, Vol. 365 Issue 32435, p7 

    The article reports on the recapitalization plan of Ambac Financial Group Inc. for its municipal-only bond insurer Connie Lee Insurance Inc. that has been well received in the U.S. market. Through this financial plan, Ambac expects that the insurer will begin writing new business as early as...

  • Good News For CIFG, Connie Lee. Herman, Jack // Bond Buyer;9/3/2008, Vol. 365 Issue 32953, p1 

    The article reports on the move of the U.S. regulators to grant CIFG reprieve and approved Ambac Financial Group Inc. to reactivate insurance subsidiary Connie Lee Insurance Co. CIFG believes that the financial guaranty subsidiaries have reached agreements to exchange about $12 billion in...

  • Ambac and Connie Lee reach merger pact. Richtmyer, Richard // Bond Buyer;11/13/97, Vol. 322 Issue 30272, p7 

    Focuses on the announcement made by Ambac Financial Group and Connie Lee Insurance Co. on November 12, 1997 regarding plans for a definitive merger agreement. Terms of the agreement; Background on both parties; Implications of the deal for the two companies.

  • Ambac Eyes Infusion for Connie Lee. Campbell, Dakin // Bond Buyer;7/8/2008, Vol. 365 Issue 32914, p1 

    The article reports on the plan of Ambac Financial Group Inc. to seek an approval from government officials to capitalize its bond insurance subsidiary, Connie Lee Insurance Co. with $850 million in new capital. The capital will be used to earn triple-A ratings for Connie Lee for it to start...

  • Bond Insurers. Colter, Allison Bisbey // American Banker;9/4/2008, Vol. 173 Issue 171, p13 

    The article reports on numerous bond insurance companies. CIFG Holding Ltd. is planning to get rid of about $12 billion in mortgage-related securities that are losing money or at risk of default. Ambac Financial Group Inc. is planning to restart Connie Lee Insurance Company. Ambac will change...

  • Assured Guaranty CEO Hails Decision to Recapitalize Connie Lee. Herman, Jack // Bond Buyer;9/4/2008, Vol. 365 Issue 32954, p6 

    The article reports on the commendation of Assured Guaranty Ltd. chief executive officer Dominic Frederico regarding the decision of Ambac Financial Group Inc. to recapitalize Connie Lee Insurance Co. in the U.S. Frederico believes that the move represents a positive sign for the bond insurance...

  • Ambac to Postpone Connie Lee Plan. Herman, Jack // Bond Buyer;9/22/2008, Vol. 365 Issue 32966, p1 

    The article reports on the decision of Ambac Financial Group Inc. to delay its planned $850 million recapitallization of subsidiary Connie Lee Insurance Co. after Moody's Investors Service Inc.'s decision to place the Aa3 rating of Ambac Assurance Corp. on review for possible downgrade, along...

  • Connie Lee seeks to cover general obligation bonds. Greenwald, Judy // Business Insurance;11/22/93, Vol. 27 Issue 48, p58 

    Reports on Connie Lee Insurance Corp.'s plan to expand its financial guarantee business. Competitors' criticism of the move; Merits of the Higher Education Act of 1992 to the company's plan; Speculation on plan to insure general obligation bonds for municipalities; Connie Lee executives'...

  • Connie Lee discussing sale to `highly rated' company. Greenwald, Judy // Business Insurance;10/13/97, Vol. 31 Issue 41, p2 

    Reports that Connie Lee Insurance Company, a financial guarantee insurer, is in exclusive negotiations for a possible sale to a `highly rated insurance company.' Speculations of whom the possible candidates are; When the negotiations are expected to be completed; Information on Connie Lee;...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics