Financial Guaranty Insurance Corporation

Financial Guaranty Insurance Corporation

A private company providing financial guarantee insurance for different types of transactions. For example, an insurance policy may cover a lender from liability resulting from the failure of the borrower to repay the loan. FGIC originally provided this insurance exclusively for municipal bonds, but expanded into different transactions such as IPOs. Clients pay FGIC the appropriate premium in exchange for a guarantee of repayment in case of default; this increases the bond's credit rating and usually decreases its interest rate. The services FGIC provides are similar to sureties or co-signed loans.

Financial Guaranty Insurance Corporation (FGIC)

A private insurer of interest and principal payments on municipal bond issues. As with other insurers, the municipality issuing the bond pays the required premium to FGIC in order to obtain a higher rating on the issue. In this way, the bonds can be sold at a lower interest rate.
Mentioned in ?
References in periodicals archive ?
One such entity that PMI has an equity stake in is Financial Guaranty Insurance Company ("FGIC"), which is an insurance holding company whose wholly owned subsidiary, Financial Guaranty Insurance Corporation, provides credit enhancement on infrastructure finance and structured finance securities worldwide.
and its financial guaranty subsidiaries Financial Guaranty Insurance Corporation (FGIC) and FGIC UK Ltd.
She began her career at GE Capital, and over the years, held key positions with Ernst & Young, LLP, GE Financial Guaranty Insurance Corporation and GE Capital's Auto Financial Services.
NEW YORK -- Fitch Ratings raises the long-term rating assigned to the $204,375,000 Iowa Finance Authority, variable rate demand health facilities revenue bonds, series 2005A (Iowa Health System), consisting of: $68,125,000 subseries 2005A-1; $68,125,000 Subseries 2005A-2; and $68,125,000 subseries 2005A-3 to AAA' from the current 'AA-' rating, which had been based on the higher of the rating assigned to Iowa Health and the rating assigned to Financial Guaranty Insurance Corporation (FGIC), the original issuer of the bond insurance policy supporting the bonds.
Berger has been serving as president of Financial Guaranty Insurance Corporation, a subsidiary of GE Capital.
RAM Re), has expanded its relationship with customer Financial Guaranty Insurance Corporation (FGIC) by entering into a quota share reinsurance treaty.
The long-term 'AAA' rating assigned to the bonds is based on the support of a municipal bond insurance policy provided by Financial Guaranty Insurance Corporation (FGIC), which insures scheduled payments of principal and interest on the bonds, effective as of the date of issuance of the bonds.
The 'F1+' rating on the series A notes continues to be based on the support of The Bank of Nova Scotia Commercial Paper Purchase Agreement and the insurance policies issued by any one of the following Insurers: Ambac Assurance Corporation, Financial Guaranty Insurance Corporation, or CIFG Assurance North America, Inc.
The 'F1+' rating on the series D notes is based on third-party credit support provided by Ambac Assurance Corporation (Ambac), Financial Guaranty Insurance Corporation (FGIC), and CIFG Assurance North America, Inc.
PMI Capital Corporation manages PMI's international operations, consisting of PMI Australia, PMI Europe, and PMI Asia, as well as the financial guaranty sector, which consists of the company's strategic investments in Financial Guaranty Insurance Corporation and RAM Reinsurance Company.
62 billion class G-1 notes reflects financial guaranty insurance policies provided by Ambac Assurance Corporation, Financial Guaranty Insurance Corporation and MBIA Insurance Corporation (each rated 'AAA' for insurer financial strength by Fitch).
11 through a negotiated sale with Citibank as the lead underwriter and will be insured by Financial Guaranty Insurance Corporation, whose insurer financial strength is rated 'AAA' by Fitch.

Full browser ?