Examples of Monoline Insurers in a sentence
Additional Provisions: 5.1 Additional Provisions for Monoline Insurer Reference Entities The Additional Provisions for Monoline Insurers published by the International Swaps and Derivatives Association, Inc.
The Company is not currently required to secure its reinsurance obligations either to AGM or to any of the Legacy Monoline Insurers from whom the Company also assumes business, but would be required to do so in certain circumstances specified in the governing reinsurance agreements (e.g., the loss of the Company's license in New York and/or other U.S. jurisdictions).
The Provider reviews and analyzes incidents at least quarterly.Review the Provider’s most recent review and analysis of incidents for the last 12 months since the date of the review.
The balance of the Company’s Assumed Business mainly consists of business that the Company assumed prior to the 2008-2009 financial crisis from affiliates and Legacy Monoline Insurers.
The Company’s facultative and treaty assumed agreements with the Legacy Monoline Insurers are generally subject to termination at the option of the ceding company: • if the Company fails to meet certain financial and regulatory criteria;• if the Company fails to maintain a specified minimum financial strength rating; or• upon certain changes of control of the Company.
As of December 31, 2020, the majority of the Company’s Assumed Business from Legacy Monoline Insurers consists of business that AGC assumed in the SGI Transaction effective as of June 1, 2018, pursuant to which AGC (among other things) assumed, generally on a 100% quota share basis, substantially all of SGI’s insured portfolio.
The Company assumes business (Assumed Business) from three affiliated companies, AGM, Assured Guaranty UK Limited (AGUK) and Assured Guaranty (Europe) SA (AGE), as well as from several non-affiliated companies, primarily other monoline financial guaranty companies that currently are in runoff and no longer actively writing new business (Legacy Monoline Insurers).
Credit RatingMitigation of the lower credit risk quality and improving the transaction rating attracts participation of Monoline Insurers to provide a “wrap” on the whole transaction, improving further the transaction credit rating.
Recognition of Monoline Insurers within Designated SIFIs Reflects the Value of Systemic Regulation and Promotes Credit Availability In general, expanding the pool of eligible guarantors to include monoline insurance companies housed in entities regulated by the FRB will have the following systemic and prudential-risk benefits: • Enlarging the pool of eligible guarantors reduces reliance on sovereign and agency guarantors (e.g., U.
The Oversight Board and the respective Monoline Insurers reserve the right to formulate an alternative election or implementation option with respect to the applicable Insured Bonds that is mutually acceptable to the Oversight Board and the applicable Monoline Insurer, each in theirrespective sole discretion; provided, however, that any such alternative election or implementation option must be proposed, in writing, prior to the Plan Supplement Deadline.