Bond insurance

Clyde, Texas, missed payments on certificates of participation due Aug. 1, the same day it declared a water emergency. Bond insurers are paying the holders.

With joint proposed rulemaking details unavailable and bond issuance growing, these are top issues experts need to know.

Municipal bond insurance grew 24.4% in the first half, compared to the same period last year.

The company says merging Assured Guaranty Municipal Corp. into Assured Guaranty Inc. will reduce duplication and represents a better use of capital.

The New Terminal One project was able to flex its construction progress, which the P3 backers say may have encouraged investors in a deal upsized by $1 billion.

The privately owned, high-speed rail system in the U.S. recently refinanced and broke ground on a new line in the west.

Assured's controlling vote is "important to investors who were reassured to hear that there would be a large sophisticated party with a significant economic interest in the success of the project," the insurer said.

The top two municipal bond insurers wrapped $7.132 billion in the first quarter of 2024, up from the $5.735 billion of deals in the first quarter of 2023, according to LSEG data.

The new hire comes on the heels of the firm's growth in bond insurance in the first quarter of 2024.

Marc Livolsi was promoted to lead U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos will lead Assured's Secondary Markets desk, both of whom will report to Chris Chafizadeh, senior managing director and co-head of Public Finance.