Financial guarantee insurance

Financial guarantee insurance

Insurance created to cover losses from specified financial transactions.

Financial Guarantee Insurance

An insurance policy covering a lender from liability resulting from the failure of the borrower to repay the loan. It may also cover losses from a decrease in interest rates to the detriment of the lender. Financial guarantee insurance may cover different types of loans, but, in most U.S. states, usually does not include mortgages or certain credit lines. It is similar to a surety or a co-signed loan.
References in periodicals archive ?
Rising average household income rates are boosting the sales of a variety of non-life products, particularly health and motor insurance which lead the non-life sector, with solid growth also expected in the smaller lines, such as credit and financial guarantee insurance.
Prior to his current role, Donohoe served as Treasurer of both Apollo Global Management LLC, and Financial Guarantee Insurance Company (FGIC).
MBIA Inc (NYSE:MBI), a holding company of subsidiaries that provide financial guarantee insurance, stated on Monday the sale of 27,250,000 total shares of the company's common stock, by investment funds affiliated with Warburg Pincus LLC, in a registered public offering.
Deposits and Guarantees required: The tenderer must submit a financial guarantee insurance (hereinafter insurance).
National Public Finance Guarantee is the world's largest US public finance-only financial guarantee insurance company, with offices in New York and San Francisco.
headquartered in Armonk, New York is a holding company whose subsidiaries provide financial guarantee insurance, as well as related reinsurance, advisory and portfolio services, for the public and structured finance markets, and asset management advisory services.
On the subject of financial guarantee insurance, Corcoran again made a push for the monoline approach in which insurers must form a subsidiary, individually capitalized.
64 billion yen in the previous year, as a fall in revenue combined with heavy losses on financial guarantee insurance and securities holdings.
The language of the Committee's definition of what constitutes an unacceptable financial guarantee insurance is contorted, but still decipherable: 'The test to be applied .
Diversity exists in practice in accounting for financial guarantee insurance contracts by insurance enterprises under FASB Statement No.
Gendron, 1994, "On Financial Guarantee Insurance Under Stochastic Interest-Rates", Geneva Papers On Risk and Insurance Theory, 19:119-137
So is it possible in the context of financial guarantee insurance to limit or even eliminate the duty of disclosure (and the insurer's remedies)?

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