Municipal Bond Insurers
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Municipal Bond Insurers
MBIA
The majority of municipal bonds are insured by several large financial guaranty agencies. The world’s largest insurer of municipal bonds is the Municipal Bond Insurance Association. (MBIA). MBIA provides financial insurance, investment management services, and other municipal services to the public, private, and not-for-profit sectors.
Things To Know
- Most municipal bonds are insured by several large agencies.
Ambac
Another one of the largest municipal bond insurers is Ambac, formerly the American Municipal Bond Assurance Corporation. Ambac insures municipal and structured finance debts and is the successor of the oldest municipal bond insurance company, which wrote the first municipal bond insurance policy in 1971.
Assured Guaranty
Assured Guaranty and its subsidiaries are a large and growing insurer. It provides public, structured finance and asset-backed securities.
Other insurers
Governments can also get their bonds insured by a wide variety of smaller financial guaranty agencies.