Financial Guaranty Insurance Company
Financial Guaranty Insurance Company (FGIC) is a monoline bond insurer established in 1983. It faced significant financial difficulties in 2008 which affected its ability to write new business.The firm was acquired in December 2003 by a consortium of investors including PMI Group, Blackstone Group, The Cypress Group and CIVC Partners. On November 24, 2009, it was released that the New York Insurance Department ordered FGIC to suspend payment on all claims due. On June 11, 2012, the company was placed under rehabilitation by the Department.
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Financial Guaranty Insurance Company
Financial Guaranty Insurance Company (FGIC) is a monoline bond insurer established in 1983. It faced significant financial difficulties in 2008 which affected its ability to write new business.The firm was acquired in December 2003 by a consortium of investors including PMI Group, Blackstone Group, The Cypress Group and CIVC Partners. On November 24, 2009, it was released that the New York Insurance Department ordered FGIC to suspend payment on all claims due. On June 11, 2012, the company was placed under rehabilitation by the Department.
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Financial Guaranty Insurance C ...... that it would then redevelop.
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Financial Guaranty Insurance Company
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Financial Guaranty Insurance C ...... abilitation by the Department.
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Financial Guaranty Insurance Company
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Financial Guaranty Insurance Company
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