Bond insurance

Puerto Rico’s per capita debt load is far lower than that of the mainland U.S. states.

Larson joins the bond insurer after 35 years in the muni industry, including 20 years at Goldman Sachs.

Municipal bond pros say the industry has adapted to an insurance industry one-tenth its former size. Part 3 of The Bond Buyer's series on the decade after the financial crisis.

The tax overhaul and rising rates started to bolster demand, partly offsetting the decline in issuance.

What began as trouble in the housing and mortgage markets shook the whole world in 2008, including a municipal bond industry that had to learn to live without bond insurance, auction-rate debt and some big investment banks.

Build America Mutual announced a new program to identify green bonds sold by U.S. municipal bond issuers for infrastructure projects that provide clear environmental benefits.

The par amount of insured debt decreased in the first half of 2017 but the percentage of bonds issued that carry insurance climbed.

Bond insurers and legal counsel battled for share of a smaller market as Assured Guaranty and Orrick Herrington & Sutcliffe LLP stayed atop the rankings.

The district priced debt Thursday at narrower spreads than it faced in a November sale.

Build America Mutual's Les Richmond said that state and local governments might want to consider their disclosure obligations in the light of the more robust risk assessments they'll soon begin getting from their actuaries.