Bond insurer MBIA Inc's restructuring during the financial crisis must be annulled because it was based on bad information, a lawyer for banks challenging the restructuring said on Tuesday.

Bank of America Corp and Societe Generale on Tuesday will begin opening arguments in a New York State courtroom to overturn the 2009 restructuring of bond insurer MBIA Inc.

Bank of America Corp and Societe Generale on Tuesday will begin opening arguments in a New York State courtroom to overturn the 2009 restructuring of bond insurer MBIA Inc.

Former American International Group Inc Chief Executive Maurice "Hank" Greenberg said New York's attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance transactions.

U.S. bond insurer MBIA Inc posted an adjusted loss compared with a year-ago profit, hurt by legal costs, losses on its insured exposures and investment impairments.

Insurer Catlin Group Ltd reported a 12 percent rise in gross premiums written during the first quarter, helped by growth across its international operations and the absence of catastrophe losses.

Insurer Catlin Group Ltd reported a 12 percent rise in gross premiums written during the first quarter, helped by growth across its international operations and the absence of catastrophe losses.

As anyone in the United States with a TV or Internet connection probably knows, lawyers want you if you've been exposed to asbestos, and they're paying to get you.