Top executives at municipal bond insurance companies estimate that the industry’s market penetration could grow to somewhere between 10% and 20% in the next two years.

Dominic Frederico, president and chief executive officer at Assured Guaranty, Bob Cochran, chairman of Build America Mutual, and William Fallon, CEO of National Public Finance Guarantee Corp. gave the prediction Thursday during a panel at The Bond Buyer’s California Public Finance Conference.

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