Financial Guaranty Insurance Company

FGIC Announces Entry into Transaction Support Agreement to Pursue a Potential Accelerated Run-Off Transaction

Retrieved on: 
Thursday, February 29, 2024

A copy of this Transaction Support Agreement will be posted to FGIC’s website at www.fgic.com/proposedacceleratedrunoff/ .

Key Points: 
  • A copy of this Transaction Support Agreement will be posted to FGIC’s website at www.fgic.com/proposedacceleratedrunoff/ .
  • The total amount of Permitted Policy Distributions net of amounts allocable to FGIC-Owned Instruments is estimated to be about $1.480 billion.
  • A copy of this Novation Agreement will be posted to FGIC’s website at www.fgic.com/proposedacceleratedrunoff/ .
  • The Proposed Transaction will become effective only if, among other things, the required court approvals are obtained.

FGIC Announces NYSDFS Approval of CPP Upward Adjustment

Retrieved on: 
Wednesday, November 8, 2023

Financial Guaranty Insurance Company (“FGIC”) today announced that it had received notice from the New York State Department of Financial Services (the “NYSDFS”) that, pursuant to and in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013, the NYSDFS has approved an increase of the cash payment percentage (CPP) of permitted policy claims that FGIC is required to pay under such Plan from the current 57.0% to 61.11%, effective November 8, 2023.

Key Points: 
  • Financial Guaranty Insurance Company (“FGIC”) today announced that it had received notice from the New York State Department of Financial Services (the “NYSDFS”) that, pursuant to and in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013, the NYSDFS has approved an increase of the cash payment percentage (CPP) of permitted policy claims that FGIC is required to pay under such Plan from the current 57.0% to 61.11%, effective November 8, 2023.
  • The 2023 Annual CPP Revaluation Notice, which will be posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2023 CPP Revaluation.

Valvoline Inc. to Report Financial Results for Fourth Quarter 2023 and Host Webcast on November 9

Retrieved on: 
Thursday, October 26, 2023

LEXINGTON, Ky., Oct. 26, 2023 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that it plans to report financial results for its fiscal fourth quarter on November 9, 2023.

Key Points: 
  • LEXINGTON, Ky., Oct. 26, 2023 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that it plans to report financial results for its fiscal fourth quarter on November 9, 2023.
  • A live audio webcast with analysts and investors will also be held on November 9, 2023, at 9 a.m.
  • The webcast and slide presentation will be available on the Company's Investor Relations website at http://investors.valvoline.com .
  • Shortly after the call concludes, a replay of the webcast will be available on this same website.

Lincoln Financial Group Names Sean N. Woodroffe Chief People, Culture and Communications Officer

Retrieved on: 
Wednesday, April 12, 2023

Lincoln Financial Group (NYSE: LNC) today announced that Sean N. Woodroffe will join the company on May 1, 2023, as Chief People, Culture and Communications Officer.

Key Points: 
  • Lincoln Financial Group (NYSE: LNC) today announced that Sean N. Woodroffe will join the company on May 1, 2023, as Chief People, Culture and Communications Officer.
  • “We continue to elevate our commitment to our people and our culture as we execute on our enterprise strategic objectives,” said Ellen Cooper, CEO of Lincoln Financial Group.
  • “Lincoln is a people-focused organization with a strong, inclusive culture,” said Woodroffe.
  • Woodroffe replaces Chief People Officer Jen Warne, who is stepping down from her role effective April 14, 2023.

FGIC Announces NYSDFS Approval of CPP Upward Adjustment

Retrieved on: 
Friday, December 9, 2022

The 2022 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2022 CPP Revaluation.

Key Points: 
  • The 2022 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2022 CPP Revaluation.
  • FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation.
  • FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20221208006085/en/

Oramed Appoints Yadin Rozov to its Board of Directors

Retrieved on: 
Monday, April 4, 2022

NEW YORK, April 4, 2022 /PRNewswire/ --Oramed Pharmaceuticals Inc. (Nasdaq/TASE: ORMP), a clinical-stage pharmaceutical company focused on the development of oral drug delivery platforms, today announced the appointment of Yadin Rozov to its Board of Directors effective April 1, 2022.

Key Points: 
  • NEW YORK, April 4, 2022 /PRNewswire/ --Oramed Pharmaceuticals Inc. (Nasdaq/TASE: ORMP), a clinical-stage pharmaceutical company focused on the development of oral drug delivery platforms, today announced the appointment of Yadin Rozov to its Board of Directors effective April 1, 2022.
  • The Board determined that Mr. Rozov qualifies as an independent director under the listing rules of the Nasdaq Capital Market.
  • Before Moelis, Mr. Rozov was a Managing Director at UBS AG, where he was the Head of the Americas for the Repositioning Group.
  • For a more detailed description of the risks and uncertainties affecting Oramed, reference is made to Oramed' s reports filed from time to time with the Securities and Exchange Commission.

FGIC Announces NYSDFS Approval of CPP Upward Adjustment

Retrieved on: 
Thursday, October 14, 2021

The 2021 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2021 CPP Revaluation.

Key Points: 
  • The 2021 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2021 CPP Revaluation.
  • FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation.
  • FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20211013006183/en/

FGIC Announces NYSDFS Approval of CPP Upward Adjustment

Retrieved on: 
Thursday, September 24, 2020

The 2020 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2020 CPP Revaluation.

Key Points: 
  • The 2020 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2020 CPP Revaluation.
  • FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation.
  • FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200924005708/en/

FGIC Announces Sale of FGIC UK Limited

Retrieved on: 
Friday, June 19, 2020

Financial Guaranty Insurance Company (FGIC) today announced that it has sold its subsidiary, FGIC UK Limited.

Key Points: 
  • Financial Guaranty Insurance Company (FGIC) today announced that it has sold its subsidiary, FGIC UK Limited.
  • FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation.
  • FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200619005352/en/

FGIC Announces NYSDFS Approval of CPP Upward Adjustment

Retrieved on: 
Monday, October 7, 2019

The 2019 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2019 CPP Revaluation.

Key Points: 
  • The 2019 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/ , provides additional information concerning the 2019 CPP Revaluation.
  • FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation.
  • FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013.
  • Forward-looking statements are based upon FGIC managements current expectations and beliefs concerning future events.