Bond insurance

The top players maintained their positions atop the league tables, building their shares of a shrinking market.

Build America Mutual, the only mutual insurer of U.S. municipal bonds, has a collateralized reinsurance agreement with Fidus Re Ltd. that will also add to its internal growth.

A federal judge dismissed a suit over Buena Vista’s bonds, but an appeal will put the city's moral obligation pledge on trial again.

The insurer wants more time to develop land it received as part of the city's bankruptcy exit.

Assured is pursuing a strategy of investment beyond its core financial guaranty business, to diversify revenue sources.

Assured said its fourth-quarter profit fell on lower earnings from bond refunding and a one-time effect of the new tax law, even as the company's share value surged to record levels.

Even though interest rates have not risen as fast as the bond insurance industry hoped for, and 2017 saw the contraction of an active insurer, the bond insurance wrap remains relatively stable in terms of market share.

Build America Mutual's 2017 and fourth quarter financial results show gains.

Syncora will pay $350 million under the agreement, which doesn't include any Puerto Rico exposure.

Dewey, a former managing director at Citi’s municipal bond division, instinctively understands the needs of some of the largest investors in the muni market, according to BAM CEO Sean McCarthy.