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InvestorPM

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InvestorPM

Re: Lowhndcpr post# 2025

Monday, 02/24/2014 9:58:57 PM

Monday, February 24, 2014 9:58:57 PM

Post# of 11618
New Business - The timing of the deal with JPM and the remediation of its exposure to several material financial guarantee insurance policies is perfect.

Both will be reflected in year-end financial statements and year-end statutory statements.

This should allow the NY Insurance Dept to lift the ban on writing new business.

Will also be very interesting to see how the credit rating agencies react to this news.
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