Syncora Guarantee Restructuring Approved

The New York State Insurance Department has approved a restructuring of Syncora Guarantee that would allow it to move from a deficit of nearly $4 billion go a surplus of an estimated $180 million.

  • 17 Jul 2009
The New York State Insurance Department has approved a restructuring of Syncora Guarantee that would allow it to move from a deficit of nearly $4 billion go a surplus of an estimated $180 million. Among other things, the deal includes a $1.2 billion commutation payment to policyholders who ...

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5 JP Morgan 5,220 8 7.29

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