Hedge funds are increasingly betting on whether bond insurer MBIA can survive heavy losses expected from Puerto Rico’s bankruptcy in the wake of Hurricane Maria.

A data leak from the municipal bond insurance association has exposed a large amount of customer information including account numbers, balances and account holder names, according to the blog.

Bond insurance (also known as "financial guaranty insurance") is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security. As compensation for its insurance, the insurer is paid a premium (as a lump sum or in installments) by the issuer or owner of the security to be insured.

The issuance of non-life insurance. data, transparency, and understanding of indemnity risk, rather than any inherent discomfort with index triggers. Nevertheless, the report said, index triggers.

MBIA has agreed to provide reinsurance for the majority of FGIC’s investment grade U.S. public finance insured portfolio. The transaction, expected to close by the end of next month, will put MBIA’s claims paying resources behind approximately $184 billion of general obligation, water and sewer tax-backed and transportation bonds already insured by FGIC.

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Ackman bought CDS against MBIA corporate debt as a way to bet that it would crash. When MBIA did, in fact, crash as the financial crisis of 2008 came to a head, he sold the swaps for a large profit. Ackman reportedly attempted to warn regulators, rating agencies and investors about the bond insurers’ high risk business models.

MBIA Shares Shrug Off Barron’s Concerns. Its shares have gained 2.7% to $8.30 despite our concerns about MBIA betting a quarter of a billion dollars of the insurer’s capital on the muni bond guarantor when it faces $3.4 billion exposure to defaulted bonds inPuerto Rico. In a note this morning, MKM Partners analyst Harry Fong came out in defense.

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Bank of America Corp. has sued bond insurer MBIA Inc. in a New York state court for allegedly interfering with a tender offer to buy MBIA’s bonds. At issue is a change MBIA sought to make to the.

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