Law360, New York (July 22, 2009) -- Mortgage insurer Radian Group Inc. has reached an agreement with bond insurer Ambac Assurance Corp. to drop reinsurance coverage for a $9.8 billion portfolio of Ambac mortgage-backed securities business.
Philadelphia-based Radian announced the agreement on Tuesday in filings submitted to the U.S. Securities and Exchange Commission, saying it would be commuting its reinsurance coverage in exchange for a $100...
