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International Bond Insurance Generates Superior Economic Results Sep 99 Product Image

International Bond Insurance Generates Superior Economic Results Sep 99

  • ID: 2091593
  • September 1999
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • Ambac Assurance Corp.
  • Austria (Republic of)
  • Canada
  • Korea (Republic of)
  • MBIA Insurance Corp.
  • Mexico
  • MORE

Abstract
A recent evaluation of bond insurers' international business activities highlighted the benefits of expanded international underwriting. Principal among these benefits were profitability indices for international public finance and international structured finance that were superior to industry averages for the domestic public finance and asset-backed business lines. Growth in par volume matched its highest level ever in the first six months 1999 and shows no sign of abating in the near term. The carrot of higher international premium rates combined with low domestic public finance volume and a competitive domestic structured finance market have led bond insurers to increase their international underwriting efforts. Some recent headlines have reported a decline in par written volumes for the bond insurers. While this may...

Companies mentioned in this report are:
- Australia (Commonwealth of) (Unsolicited Ratings)
- Austria (Republic of)
- Canada
- Ambac Assurance Corp.
- France (Republic of) (Unsolicited Ratings)
- Japan (Unsolicited Ratings)
- United Kingdom (Unsolicited Ratings)
- Spain (Kingdom of)
- Assured Guaranty Municipal Corp.
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- Australia (Commonwealth of) (Unsolicited Ratings)
- Austria (Republic of)
- Canada
- Ambac Assurance Corp.
- France (Republic of) (Unsolicited Ratings)
- Japan (Unsolicited Ratings)
- United Kingdom (Unsolicited Ratings)
- Spain (Kingdom of)
- Assured Guaranty Municipal Corp.
- Germany (Federal Republic of) (Unsolicited Ratings)
- Korea (Republic of)
- MBIA Insurance Corp.
- Mexico

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