"It is leaner, more profitable and ready to exploit its lead in the pensions arena for the benefit of all policyholders".
Mr. Dilweg, who was appointed by the court as the overseer of the Ambac case, said that segregating the loss-ridden mortgage securities from other healthier deals insured by Ambac is the best approach for all its policyholders and for the public.
All policyholders pay a fee for the association.
Meanwhile, in Europe MEPs propose that a special inquiry be set up to investigate the case for compensation for policyholders.
Mr Black said a growth rate of 10.4% for Standard Life last year would cut shortfalls for all with-profit policyholders.
Flotations of mutual insurers, such as that planned for Standard Life later this year, have been good for directors but bad for policyholders.
If insurers are competing for high quality services for policyholders, then the insurers should spend to retain the most skilled physicians.
Congress is considering a bill that would help develop a more robust private flood insurance market, but in the meantime, the national program is the only choice for all but the wealthiest policyholders.
It is not at all a good thing for policyholders, however, which is why Congress included a provision in the health-care-reform law that, beginning next year, will require insurers to spend at least 85percentt of premiums it collects from its large group customers on medical care.
