'' bond insurers in the wake of recent bad news as it had already become optimistic about the monoline
issue after recent rescue plans.
Furthermore, the monoline
bond insurers have entered into joint venture arrangements with Japanese insurers to wrap securitizations in Japan, and Ambac and MBIA cede non-U.
At a time when monoline
consumer finance companies faced heightened regulatory scrutiny and confronted serious balance sheet difficulties, Rich Fairbank opted to transform his.
The market has been closely watching the fate of monoline
bond insurers -- which cover the risk of bonds or other securities defaulting -- as their payments are expected to swell amid the U.
The monolines have all developed different diversification strategies.
However, until this week the merger activity excluded the major monoline credit card issuers.
were to lose their triple-A ratings, it would provide a blow as monolines
rely on credit ratings to secure business.
NEW YORK, June 21 /PRNewswire/ -- Primary bond insurers ceded less business to the two top monoline
reinsurers, Capital Re and Enhance Re/Asset Guaranty, in 1992, reducing the percentage of new business reinsured and increasing the use of international multiline reinsurers, a new Fitch study shows.
whose insurer financial strength is rated 'AAA', has indirect exposure to WorldCom in several CDOs insured by 'AAA' monolines
, all of which would have significant subordination remaining, even assuming a complete loss on WorldCom.
76 billion in deal flows in 2001 and a keen appetite by monolines
for Korean consumer assets, said Diane Lam, Standard & Poor's director of Structured Finance in Hong Kong.
It also assumes financial guaranty reinsurance from other monolines
, as well as XL Insurance (Bermuda) Ltd (XLI) and other multiline insurers.
bond insurers and reinsurers rated by Fitch have a small amount of indirect exposure to Enron or its subsidiaries within highly rated CDO's and pooled credit derivatives.