FGIC’s loss is MBIA’s gain
Monoline insurer MBIA’s agreement to reinsure FGIC’s $184bn municipal bond portfolio gave its faltering rival a little breathing room and boosted its own chances of early release from the emergency ward. FGIC, though, is going to remain on life support for some time yet.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts