Bond insurance

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.

All municipal bond insurers wrapped $35.381 billion in 2023, a 5.8% increase from the $33.428 billion insured in 2022, according to LSEG data.

Texas bond volume climbed 22.5% to lead the nation in a year when issuance in the eight-state Southwest region increased by only 0.6%.

The top two municipal bond insurers wrapped $31.845 billion in 2023, up 10.4% from the $28.847 billion of deals in 2022, according to Refinitiv data.