Bond insurance

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.

Laura Taylor Swain ruled that holding a lien isn't enough at this time to require ordering bond payments be made.

Assured Guaranty and Orrick, Herrington & Sutcliffe LLP took advantage of a surge in issuance in the final two months of 2017 to solidify advantages over rival bond insurers and counsel.

Build America Mutual is bringing on a strategic advisory committee to help expand use of insurance in the muni market.

The par value of bonds guaranteed by BAM rose 3.4% from the third quarter last year, even as overall market new-issue volume fell 16%.

The largest municipal bond insurer said third-quarter net income fell 57% due to an increase in loss reserves for Puerto Rico hurricane damage.

Orrick, Herrington & Sutcliffe and Assured Guaranty retained their positions in third-quarter rankings, while Build America Mutual rebounded from a stint on negative credit watch to capture its typical market share.