Reinsurers Largely Positive on Equity Offerings, Data, Litigation (MBI) (RDN) (MTG)

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MGIC Investment (MTG) To Offer 135M Shares, $350M in Conv Notes

March 5, 2013 4:13 PM EST

MGIC Investment Corp. (NYSE: MTG) announced today that it has commenced a public offering of 135 million shares of its common stock and $350 million aggregate principal amount of its convertible senior notes due 2020. The convertible senior notes will be convertible into shares of the Company's... More

MBIA, Inc. (MBI) Wins Ruling vs. BofA (BAC) Over 2009 Restructuring

March 4, 2013 1:02 PM EST

MBIA, Inc. (NYSE: MBI) shares are rocking today following headlines that the company defeated a Bank of America (NYSE: BAC) lawsuit over the 2009 restructuring of the company.

According to headlines, a New York state judge denied a... More

Radian Group (RDN) Announces 30M Common, $200M Convertible Notes Offering

February 25, 2013 4:23 PM EST

Radian Group Inc. (NYSE: RDN) announced today that it has commenced two separate underwritten public offerings of up to 30 million shares of its common stock (the Common Stock Offering) and $200 million aggregate principal amount of its convertible senior notes due 2019 (the Convertible Notes Offering and, collectively with the Common Stock Offering, the Offerings). The convertible senior notes will be convertible into... More