Z.B hier....Financial Guarantee Insured Portfolio
The financial guarantee insurance portfolio net par amount outstanding declined 7.5% during the quarter ended September 30, 2018, to $52.2 billion from $56.5 at June 30, 2018. The reduction in the insured portfolio was primarily related to a decrease of $1.6 billion in the international finance sector related to the negotiated termination of an asset backed policy (consolidated VIE) and the maturity of a utility policy; a decrease of $1.5 billion in the public finance portfolio related to calls and maturities; and a decrease of $1.1 billion in the structured finance sector due to active de-risking, via a student loan commutation and reinsurance of a structured finance exposure, coupled with continued policy paydowns.
Und hier...
Reinsurance Agreement
As part of Ambac's active risk mitigation efforts, in November 2018, AAC ceded the full amount of certain public finance insurance policies to a third party reinsurer, totaling $1.5 billion of performing par exposure (principal and interest of $3.4 billion), which was mostly comprised of policies on non-callable capital appreciation bonds and includes $241 million par of Adversely Classified and Watch List Credits. |
Thread abonnieren
