Adam Bergonzi was named chief risk officer this week of National Public Finance Guarantee Corp., where he will oversee a half-trillion-dollar portfolio of insured municipal bonds.

NPFG is the municipal bond insurer launched by MBIA Inc. in February 2009. The new entity is not writing insurance contracts as MBIA awaits the outcome of ongoing litigation contesting its restructuring, but NPFG is actively managing an insured portfolio of $481 billion of municipal debt that is the largest in the industry.

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