Bond insurance

Vales is currently a director for fixed-income focused broker-dealer InspereX and an independent trustee for the Axonic Funds, having previously served as the CEO of electronic trading platform TMC Bonds, which ICE acquired in 2019.

Build America Mutual insured the majority of the maturities in the West Contra Costa Unified School District GO deal.

Municipal bond insurers wrapped $28.921 billion in the first three quarters 2024, a 26.8% increase from the $22.814 billion insured in the first three quarters of 2023, according to LSEG data.

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.