Fitch Report Sees Stable Ratings, Greater Rivalry in Sector

Chang, Helen
July 2004
Bond Buyer;7/8/2004, Vol. 349 Issue 31921, p4
Trade Publication
Focuses on the report released by Fitch Ratings Inc. about its ratings in the primary bond insurance sector in the U.S. Prediction of the rating agency about the acquisition of Financial Guaranty Insurance Co. by PMI Group Inc.; Transactions suggesting increased competition in the market; Transition of the various business models within the financial guarantor industry.


Related Articles

  • PMI Group Takes Control of FGIC. Muolo, Paul // Mortgage Servicing News;Sep2003, Vol. 7 Issue 7, p22 

    Reports on the acquisition of Financial Guaranty Insurance Co. by mortgage insurance giant PMI Group Inc. in the U.S. Value of the deal; Diversification of the operations of PMI Group; Amount of net income per share.

  • The PMI Group Sets Sights on Acquiring Controlling Interest in FGIC. Walker, Susanne // Bond Buyer;12/23/2003, Vol. 346 Issue 31787, p25 

    Reports that Walnut Creek, California-based PMI Group Inc. expects to increase its stake in Financial Guaranty Insurance Co. by buying out a portion of its partners' ownership interest in the bond insurer or through purchasing shares via a possible initial public offering. Stakes held by...

  • More Hits for Insurers. Campbell, Dakin // Bond Buyer;4/7/2008, Vol. 364 Issue 32851, p1 

    The article reports on the ratings of various insurers in the U.S. where others were downgraded. Fitch Ratings Ltd. rated MBIA Insurance Corp. to AA while insurance regulators threatened further action against Financial Guaranty Insurance Co. Eric Dinallo of New York insurance said he was...

  • Investor Group Signs Pact To Acquire Bulk Of Commercial Finance Lines From GE Capital.  // Insurance Advocate;8/11/2003, Vol. 114 Issue 30, p40 

    Reports on the agreement of an investor group to acquire Financial Guaranty Insurance Co. in New York City. Value of the transaction; Terms of the agreement; Shares of PMI Group Inc. in the firm.

  • Fitch: The DISH/Sprint Deal Is Good, But It Will Cost.  // CT Daily;4/16/2013, p1 

    The article discusses the merger deal between two telecommunication companies, namely Dish Network Corp. and Sprint Nextel Corp., and states that the deal will put the two companies in a strong competitive position in the market as suggested by the ratings company Fitch Ratings Ltd. It also...

  • Softer rates, catastrophes don't dim reinsurer outlook: Fitch. McLeod, Douglas // Business Insurance;9/12/2005, Vol. 39 Issue 37, p35 

    Focuses on issues that may affect the stable outlook of Fitch Ratings for the financial strength ratings of reinsurers in the U.S. in 2006. Business losses due to Hurricane Katrina; Increase in the competition in the reinsurance market; Trend in merger, acquisition activity and diversification;...

  • FGIC sale to PMI sparks protest. McGeer, Bonnie // Asset Securitization Report;9/15/2003, Vol. 3 Issue 35, p4 

    Reports that the planned sale of Financial Guaranty Insurance Corp. to investors led by the PMI Group Inc. has been opposed by consumer advocacy group Inner City Press/Community on the Move due to PMI Group's ties to troubled Fairbanks Capital Corp. Filing of a protest with the New York State...

  • MIs Boost Capital with Reinsurance. Finkelstein, Brad // National Mortgage News;6/23/2008, Vol. 32 Issue 38, p18 

    The article reports on the entrance of some U.S.-based mortgage insurance companies into reinsurance arrangements to boost their capital. The agreement of Mortgage Guaranty Insurance Corp., with an affiliate of HCC Insurance Holdings Inc., covers up to $50 billion in insurance. PMI Guaranty Co....

  • Assured Guaranty Relieves PMI of FGIC Reinsurance Portfolio. Campbell, Dakin // Bond Buyer;6/19/2008, Vol. 364 Issue 32903, p7 

    The article reports that Assured Guaranty Re Ltd. relieved PMI Guaranty Co. of its reinsurance portfolio linked to bond insurer Financial Guaranty Insurance Co. AG Re will take on $900 million of additional exposure to FGIC in the arrangement. PMI will pay Assured about $9 million and agreed to...


Read the Article


Sign out of this library

Other Topics