MBIA provides
financial guarantee insurance services to public finance markets.
It is a form of
financial guarantee insurance. The insurance industry was badly burned in the "credit default swap" coverages it wrote before the sub-standard mortgage bubble burst in 2008.
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. Higher incomes are also expected to stimulate sales in the life sector, along with rising demand from an ageing population.
The EIB Loan benefits from unconditional and irrevocable guarantee of scheduled principal and interest under a
financial guarantee insurance policy issued by Syncora Guarantee (U.K.) Ltd.
The affirmed rating and outlook are based on the unconditional and irrevocable
financial guarantee insurance provided by Danajamin Nasional Berhad (Danajamin) on which MARC has a financial strength rating of AAA/stable.
Prior to his current role, Donohoe served as Treasurer of both Apollo Global Management LLC, and
Financial Guarantee Insurance Company (FGIC).
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.
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.
Sompo Japan incurred a group net loss of 66.71 billion yen in fiscal 2008 that ended March 31, a turnaround from a profit of 59.64 billion yen in the previous year, as a fall in revenue combined with heavy losses on
financial guarantee insurance and securities holdings.
* SFAS 163, Accounting for
Financial Guarantee Insurance Contracts, issued May 2008
Diversity exists in practice in accounting for
financial guarantee insurance contracts by insurance enterprises under FASB Statement No.
