Bond insurers struggled, germinated and went to court in the first half of 2012.

Assured Guaranty Ltd., the one remaining active bond insurer, started the year in a seemingly strong position. The insurers have to maintain high ratings in order to attract business and Standard & Poor’s had completed a 10-month review process by giving Assured a AA-minus with a stable outlook. Assured’s stock had gone up 46% from a trough in early November.

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