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syncora holdings ltd
Information by Research TrustFinance
Syncora Holdings Ltd., through its main operating subsidiary Syncora Guarantee Inc., was a provider of financial guarantee insurance for municipal bonds and structured finance products. Heavily impacted by the 2008 financial crisis due to its exposure to mortgage-backed securities, the company ceased writing new business and entered a "run-off" phase. Its current operations focus on managing its existing portfolio of insured obligations, mitigating risks, pursuing recoveries, and maximizing value for its stakeholders through restructurings and commutations.
United States
Industry
Financial