Entries tagged "bond insurers"
Private equity firm Ripplewood Holdings LLC may be looking to dive into the troubled bond insurer sector. According to a Wednesday New York Post report, the firm is considering the launch of a bond insurance business. Discussions to start a monoline are in very early stages and may not materialize, the report added. When The Deal contact Ripplewood, a spokesman declined to comment. ...
The weakest of the big bond insurers says it is making progress fashioning a bailout.
It looks like investors are saving the worst of the major U.S. monolines for last, as struggling bond insurer FGIC Corp. said on Monday that it received proposals from "a range of strategic partners, reinsurers and private equity providers" in response to requests for proposals to enhance its capital position. The news comes three weeks after FGIC announced it had hired Goldman, Sachs & Co. to advise it on strategic alternatives, which could include the sale of all or part of the company or a "bulk reinsurance transaction on all or parts of FGIC's in-force business to a third party."...
Like the other bond insurers, MBIA found itself threatened by the rising subprime tide. Riding to the rescue: buyout shop Warburg Pincus. Here's how the rescue unfolded.
