monoline insurer


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Related to monoline insurer: Bond Insurance Company

monoline insurer

(ˈmɒnəʊˌlaɪn)
n
an insurer who undertakes to repay the principal and interest on a bond should the issuer default. Also called: monoline insurance company
References in periodicals archive ?
Until 2007, no monoline insurer had ever been downgraded or failed to make a payment, according to a 2008 Wells Fargo white paper, Deterioration of Monoline Insurance Companies and the Repercussions for Municipal Bonds.
According to the new norms, an individual can act as an insurance agent for only one life insurer, one general insurer, one health insurer and one monoline insurer.
As a monoline insurer, ALAS is reliant on a single market characterized by low-frequency/high-severity claims and higher-than-average earnings and capital volatility.
In addition, TMIC operates as a single state, monoline insurer with limited geographic spread that exposes its operations to changes in local regulatory, economic and competitive environments.
These positive factors are somewhat offset by the areas of adverse reserve development in Stonetrust's previous accident years, its concentrated market profile operating as a monoline insurer writing mainly in a single state and the execution risk stemming from premium growth in neighbouring states while maintaining pricing adequacy.
5 million profit on a Syncora Guaranty-insured bond that had been previously been written down to a book value of zero after the monoline insurer had suspended claims payments earlier this year.
However, there has been some debate and the most interesting area has been in monolines and the concept of using Takaful to hedge against the possibility of a Sukuk default, in effect an Islamic monoline insurer.
In a letter dated April 30, the insurer, which was once the second-largest monoline insurer of bonds, gave no reason for the withdrawal.
1 million due to monoline insurer Ambac's forced restructuring.
5 million worth of securities wrapped by monoline insurer Ambac Assurance Corp.
The role of a monoline insurer--It may be worth an additional premium for a monoline insurer to guarantee timely interest and principal.