Gkonos Weighs in on Insurer's Ability to Secure New Business

Gkonos Weighs in on Insurer's Ability to Secure New Business

"New Business key for Ambac and MBIA", MarketWatch

August 5, 2008

James S. Gknonos, Special Counsel and Vice Chair of the Insurance Practice Group, was quoted in this article that describes the efforts of Ambac Financial Group and MBIA Inc. to secure new business following the bond insurers' recent stock boosts.

“To attract new businesses, they have to get the ratings agencies to give the top ratings,” Gkonos said. “The key issues are the insurers’ ability to get new businesses, as well as the investors’ confidence in the marketplace.”