MCS creates a new life and disability subsidiary in P.R.
January 21, 2016
As part of a strategic move aimed at broadening its Puerto Rico products portfolio, MCS announced Wednesday it has created a new subsidiary, MCS General Insurance Agency, to tap into the life and disability insurance market.
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Gov’t, debt insurers trade barbs over ‘clawback’ lawsuit
January 12, 2016
In the days since Assured Guaranty filed a lawsuit jointly with monoline insurer Ambac against the commonwealth of Puerto Rico over the constitutionality of revenue clawbacks, the parties have been defending their corners via public statements.
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Ambac sues Puerto Rico gov’t over ‘illegal’ clawbacks
January 8, 2016
New York-based Ambac Financial Group Inc. on Thursday filed a lawsuit to protect its rights against what it deemed the “illegal" clawback of certain revenue by the Commonwealth put into effect last month.
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