Monoline


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Monoline

A business that only has one competency. For example, a factory that only makes one component part of an oil pump and nothing else may be called a monoline.
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According to Corcoran, "The 'surplus' surplus approach and the other vital standards in this proposed regulation will help to protect policyholders, claimants and insurers from adverse financial guaranty experience--not only by monoline insurers, but especially by multi-line insurers that we rely upon to provide liability insurance and other essential coverages for our businesses and citizens."
New York Insurance Dept. proposes regulation on financial guaranty cover
* Dwight Jaffee and Johan Walden, University of California, Berkeley, and Rustam Ibragimov, Harvard University, "Equilibrium with Monoline and Multiline Insurers"
Insurance Working Group meets
They define insurance, types, policies, and reinsurance, then discuss state-based regulation of insurance; the licensing of insurance companies and producers and other third parties; the nonadmitted insurance market; regulation of insurance holding company systems, life and annuity insurers, property and casualty insurers, monoline insurers, reinsurance, health insurers and health maintenance organizations, insurance company financial conditions, investments by insurance companies, and market conduct and trade practices; the impact of other regulators on insurance regulation; insolvency and restructuring; international regulations affecting US insurers; and emerging issues.
Insurance regulation answer book 2013
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.
ISDA publishes analysis of counterparty credit risk management in the US OTC derivatives markets
22, Members United recorded a $7.5 million profit on a Syncora Guaranty-insured bond that had been previously been written down to a book value of zero after the monoline insurer had suspended claims payments earlier this year.
Sale of impaired bond nets $7.5 million gain for members united
BACKGROUND: MONOLINE INSURERS AND THEIR DERIVATIVE DISCLOSURES
Inefficiencies in the information thicket: a case study of derivative disclosures during the financial crisis
Risk to offer monoline workers' compensation solutions on a national scale.
U.S. Risk Insurance takes over Unisource Program Administrators
The "monoline" insurers who cover bond investors against the danger an issuer will default are facing billions of dollars of claims, because they have guaranteed securities structured around subprime property loans.
Editorial: Unchecked Lunacy
However, the Ba3 ratings are constrained by AOFSEoe1/4aos reliance on wholesale funding and, in particular, on short-term borrowings from a small number of local banks and by the increased cost of funding as well as its monoline status Eoe1/4" with practically all revenues coming from one business line.
MoodyEo,e1/4,aos assigns Ba3 rating to Al Omaniya
In a new report, Moody's Investors Service, New York, said that monoline financial guarantors and mortgage insurers plan to reduce their losses from defaulted mortgages through "loan put-backs to originators and through claims recissions and denials." Moody's said should the strategy work as planned, it could improve the credit outlook for these companies.
Moody's reports MIs trying to shrink losses through claim denials
However, there has been some debate and the most interesting area has been in monolines and the concept of using Takaful to hedge against the possibility of a Sukuk default, in effect an Islamic monoline insurer.
Insurer of last resort?
Ascendant will not initially be offering policies in commercial mufti-peril, monoline commercial auto, warranty, errors and omissions, and medical malpractice.
Ascendant on the rise

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