monoline

mon·o·line

(mŏn′ə-līn′)

An insurance company that specializes in guaranteeing the timely repayment of bond principal and interest in the event of default.

[From the fact that such companies have only one line of business or field of activity.]

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monoline insurer

References in periodicals archive ?

ClearPath Mutual is a monoline workers' compensation insurance carrier with approximately 7,300 policyholders and nearly $54 million in premiums.

Kentucky-Based ClearPath Mutual Appoints Fallahay, Korsan as VPs

Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.

W. R. Berkley Corporation to Present at the 2019 Keefe, Bruyette & Woods Insurance Conference

Berkley is a large commercial lines writer in the US and globally and operates in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.

W. R. Berkley appoints Daniel R Westcott as president of Berkley Re America

The ratings are constrained by the company's monoline and geographically concentrated business model and reliance on wholesale funding with high encumbrance of assets.

Fitch Ratings affirms Swisscard AECS GmbH's IDR at 'A-'

The unit is to offer bespoke monoline environmental liability coverage programmes.

Sompo International hires executive to lead US Environmental Insurance unit

Oak Ridge, TN, January 06, 2018 --(PR.com)-- Appalachian Underwriters, Inc., a leading insurance wholesale outlet, has developed a Monoline Sewer Back-up and Sump Pump Overflow product, exclusive to appointed agents.

Appalachian Underwriters, Inc. Develops Exclusive Monoline Sewer Back-Up and Sump Pump Overflow Product

Pie chose workers' comp, Swigart said, because it's required of all employees except owners and it's the most monoline purchase.

Insurtech Workers' Comp MGA Aims to Startup in 2018

The company has further said in the statement that the expansion of the license of El Aguila will facilitate the newly established division to put its attention on the delivery of specialty insurance solutions, provide a commercial package policy and exclusive monoline products via a network of independent agents and brokers.

Mexico,United States : GREAT AMERICAN INSURANCE secures approval in MEXICO to set up a new entity there

The Puerto Rico Electric Power Authority continues to negotiate with its monoline bond insurers with the aim of reaching a contract on a consensual recovery plan among all of its major financial stakeholders.

The Puerto Rico Electric Power Authority signs restructuring support contract with the Ad Hoc Group of PREPA bondholders

"I really am very pleased that we are not a monoline auto company," Fishman said at a Bank of America Corp.

State Farm profit falls 19% as car underwriting loss widens

The stand-alone credit profile of b1 reflects Bisa Leasing's adequate capitalization and asset quality metrics as well as its monoline business structure, the highly-competitive small and developing leasing market in Bolivia in which it does business and its reliance on highly-sensitive market funding.

Moody's assigns Aaa.bo to Bisa Leasing's debt issuance

"Most financial guaranty insurance business, both municipal and corporate, is written by special purpose (monoline) insurers.