Monoline insurance


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Monoline insurance

Type of insurance used by capital market participants. Insurance is purchased assuring bond principal and interest payments if an issuer defaults.
References in periodicals archive ?
He also represented a member of the bank steering committee in several of the monoline insurance company restructurings, including Ambac, FGIC, and MBIA.
And a number of then] created state-sponsored monoline insurance companies, or competitive state funds.
ISDA also examined SEC reports and intends to do a more exhaustive paper on industry losses pertaining to monoline insurance companies in the near future.
But its investment bank continued to lose money, and further market deterioration led to writedowns and losses on previously disclosed risk positions, in particular in its monoline insurance exposures, UBS said.
He has been active in the credit derivatives market, advising portfolio managers and monoline insurance companies, and in the synthetic securitisation market, advising portfolio managers, underwriters and investors.
The series 2007 bonds are also expected to be supported by a monoline insurance provider whose financial strength is rated as 'AAA' by Fitch.
His prior positions include vice president, underwriting at RVI Services, a monoline insurance company and project management roles at Tishman Real Estate & Construction.
Additional risks that remain include mortgage repurchase risk from private label securitizations as well as litigation risks related to legacy relationships with monoline insurance companies, notably MBIA.
This transaction is significant in that the subordinated Class B and Class C Certificates were placed despite relatively adverse market conditions for subordinate paper, at an all-in cost lower to the issuer than other credit enhancement options considered, such as a monoline insurance wrap.
a monoline insurance company which guarantees payments of principal and interest.
It corrects the monoline insurance policy provider name to Syncora Guarantee Inc.
While Fitch recognizes that the large unrealized loss position overstates the true risk to the company, the portfolio does contain some exposure to the higher risk elements of the mortgage market, specifically those securities backed by subprime mortgages and certain higher risk investments that are wrapped by monoline insurance companies currently under stress.