International Business News - SCA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of bond insurers rose sharply Monday morning with the broader financial sector, which appeared to be betting on an economic recovery following the weekend announcement that the U.S. government will bail out mortgage giants Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080908/sector-snap-bond-insurers-up-on-mortgage-bailout.htm Mon, 08 Sep 2008 10:51:10 EDT Shares of bond insurers rose sharply Friday afternoon after ratings agency Standard & Poor's removed Ambac Financial Group Inc. and MBIA Inc. from negative credit watches. http://www.ibtimes.com/articles/20080815/sector-snap-bond-insurers.htm Fri, 15 Aug 2008 15:31:33 EDT Bond insurer MBIA Inc. said Friday its second-quarter profit swelled due to non-cash gains on a portfolio of complex insurance contracts. MBIA earned $1.7 billion, or $7.14 per share, during the second quarter, compared with earnings of $211.8 million, or $1.61 per share, during the same quarter last year. http://www.ibtimes.com/articles/20080808/mbia-2q-profit-soars-on-hefty-gains.htm Fri, 08 Aug 2008 16:58:51 EDT Bond insurer Ambac Financial Group Inc. said Friday it settled one of its largest exposures to risky collateralized debt obligations. Ambac agreed to pay $850 million to end an insurance agreement covering a $1.4 billion CDO transaction. So-called CDOs are complex financial instruments that combine various slices of debt. http://www.ibtimes.com/articles/20080801/ambac-financial-group-reduces-cdo-exposure.htm Fri, 01 Aug 2008 12:35:15 EDT Shares of bond insurers rose sharply Wednesday afternoon as investors took comfort in Security Capital Ltd. reducing its exposure this week to future claims. http://www.ibtimes.com/articles/20080730/sector-snap-bond-insurers.htm Wed, 30 Jul 2008 13:57:19 EDT Credit ratings agency Standard & Poor's said Tuesday it left the financial strength ratings of Security Capital Assurance Ltd.'s bond insurance units on a negative credit watch. http://www.ibtimes.com/articles/20080729/s-p-keeps-ratings-of-sca-units-on-negative-watch.htm Tue, 29 Jul 2008 13:22:03 EDT Credit ratings agency Fitch Ratings on Tuesday cut the financial strength rating of Security Capital Assurance Ltd.'s operating units because of projected capital shortfalls. http://www.ibtimes.com/articles/20080729/fitch-cuts-ratings-of-sca-insurance-units.htm Tue, 29 Jul 2008 12:20:53 EDT Credit ratings agency A.M. Best Co. on Tuesday assigned a "bbb" rating to $500 million of equity security units insurer XL Capital Ltd. plans to issue as part of a $2.5 billion capital raise. http://www.ibtimes.com/articles/20080729/a-m-best-rates-xl-capitals-security-offering.htm Tue, 29 Jul 2008 11:55:29 EDT Among the premarket stories for Tuesday, July 28, from AP Financial News: NEW YORK (AP)--Shares of SAP AG rose in premarket trading Tuesday as an analyst upgraded the software maker's stock on its multi-year prospects, despite a decline in second-quarter income. http://www.ibtimes.com/articles/20080729/premarket-roundup-sap-visa.htm Tue, 29 Jul 2008 10:06:23 EDT XL Capital Ltd. shares tumbled in premarket trading Tuesday, a day after the insurer said it would raise new capital to rid itself of its exposure to former bond insurance subsidiary Security Capital Assurance Ltd. http://www.ibtimes.com/articles/20080729/ahead-of-the-bell-xl-capital-tumbles.htm Tue, 29 Jul 2008 09:05:10 EDT XL Capital Ltd. Monday said it is bailing out its former subsidiary Security Capital Assurance Ltd., saving the bond insurer from insolvency. The Bermuda-based insurer also said its profit tumbled 56 percent in the second quarter as softening market conditions continue. It announced management changes and a dividend cut and said it was conducting a strategic review of its life reinsurance operations. http://www.ibtimes.com/articles/20080728/xl-capital-bails-out-security-capital.htm Mon, 28 Jul 2008 19:44:17 EDT Shares of insurers mostly fell Wednesday along with the broader market as oil prices rebounded after two consecutive days of declines. Here's a look at how some insurers fared Wednesday: http://www.ibtimes.com/articles/20080709/closing-glance-insurers.htm Wed, 09 Jul 2008 16:16:54 EDT Shares of insurers were mixed early Wednesday as oil prices rose after two days of declines. Here's a look at how some insurers fared early Wednesday: http://www.ibtimes.com/articles/20080709/opening-glance-insurers.htm Wed, 09 Jul 2008 10:35:03 EDT Shares of insurers mostly rose Tuesday along with the broader market as oil prices fell and Federal Reserve Chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks to help improve liquidity in credit markets. http://www.ibtimes.com/articles/20080708/closing-glance-insurers-rise.htm Tue, 08 Jul 2008 16:30:44 EDT Shares of insurers edged higher early Tuesday as the broader market rose slightly after Federal Reserve chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks and oil prices declined. http://www.ibtimes.com/articles/20080708/opening-glance-insurers.htm Tue, 08 Jul 2008 10:01:37 EDT Shares of insurers mostly rose early Monday as the broader market posted gains early amid declining oil prices. Here's a look at how some insurers fared early Monday: http://www.ibtimes.com/articles/20080707/opening-glance-insurers.htm Mon, 07 Jul 2008 10:08:09 EDT Credit ratings agency Standard & Poor's said Thursday it placed XL Capital Ltd. on a negative credit watch because of uncertainty surrounding reinsurance and agreements with bond insurer Security Capital Assurance Ltd. http://www.ibtimes.com/articles/20080703/s-p-places-xl-capital-on-watch-for-downgrade.htm Thu, 03 Jul 2008 14:02:49 EDT Shares of insurers opened mixed Thursday morning as the broader market veered between positive and negative territory after the Labor Department said the unemployment rate held steady at 5.5 percent in June. http://www.ibtimes.com/articles/20080703/opening-glance-insurers-open-mixed.htm Thu, 03 Jul 2008 10:07:53 EDT Shares of insurers mostly rose Wednesday morning along with the broader market despite expectations that a new report will show factory orders slowed in May because of shrinking demand due to higher energy prices. http://www.ibtimes.com/articles/20080702/opening-glance-insurers.htm Wed, 02 Jul 2008 10:06:03 EDT Shares of insurers were split Tuesday with financial insurers mostly declining while property and casualty insurers mostly rose. The broader market posted slight gains, rebounding from sharp declines earlier in the session as oil prices rose again toward a new record high. http://www.ibtimes.com/articles/20080701/closing-glance-insurers-end-mixed.htm Tue, 01 Jul 2008 16:11:28 EDT