Susan Comparato was appointed chief executive officer and president of Syncora Holdings Ltd., the Bermuda-based parent of beleaguered bond insurer Syncora Guarantee Inc., the company announced late last week. Also last week, the bond insurer posted a net income loss of $1.4 billion in the nine months ending Sept. 30.

Comparato, 40, has been serving as acting CEO and president for more than 15 months. She joined Syncora Guarantee in 2001 as associate general counsel, focusing on the financial instruments that would have a major role in the 2008 credit crisis — asset-backed securities and collateralized debt obligations.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.