Ambac, MBIA shares surge on report of reinsurance


Ambac, MBIA shares surge on report of reinsurance

NEW YORK (Reuters)?Shares of bond insurers Ambac Financial Group Inc. and MBIA Inc. surged Tuesday after a report said the companies are seeking reinsurance from Berkshire Hathaway Inc. Berkshire Hathaway has top credit ratings and more than $45 billion in cash on its books and is in a good...

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