Bond insurance

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.

The bond insurers withdrew their challenge of the island's fiscal plan, citing Hurricane Maria.

Robert Lamb of Lamont Financial Services is a veteran of municipal turnaround efforts in Connecticut.

Sean McCarthy, CEO of Build America Mutual, talks about the state of the municipal bond insurance industry, what has changed since BAM was founded five years ago, and how much exposure it has to the areas affected by hurricanes Harvey and Irma.

Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.