Bond insurance

The bond insurer adds a second office in the Lone Star State, where it does a large volume of business.

The judges should rule soon on insurer suits seeking monetary compensation against major bond underwriters.

As issuance rose in 2020, so did municipal bond insurance usage, with $34.167 billion wrapped, or 7.5% insured total issuance from almost 5.7% in 2019.

After leaving Assured Guaranty in 2011, Randy Gerardes is now back with the firm.

The two active municipal bond insurers wrapped $25.22 billion in the first three quarters of 2020, a 62% surge from the $15.57 billion of deals done in the first nine months of 2019.

Build America Mutual has extended its GreenStar program to include non-insured deals as well as also being placed on the Nasdaq Sustainable Bond Network.

The impact of COVID-19 has had a positive outcome for the bond insurers, as use of municipal bond insurance has surged 44.2% year-over-year for the first half of 2020.

The COVID-19 pandemic is helping the bond insurance industry grow, a report from Kroll says.

Their suit against 11 bond underwriters will be heard in a local, rather than federal, court, the lead judge said Wednesday.

S&P conducted its review of Assured Guaranty and views the firm's approach to writing business in current market conditions as well thought out and measured.