Company Information

Get to know Financial Guaranty Insurance Company

Financial Guaranty Insurance Company (FGIC) is a New York-domiciled stock insurance company founded in 1983. For many years, it was a leading monoline insurer, providing guarantees on the timely payment of principal and interest for municipal bonds and other structured finance obligations. The company was severely impacted by the 2008 global financial crisis due to its exposure to mortgage-backed securities. As a result, FGIC ceased writing new business in 2008 and entered a state of "run-off." The company's primary mission is now to manage its existing portfolio of insured obligations, focusing on loss mitigation, claims administration, and maximizing value for its stakeholders under a Plan of Rehabilitation approved by the New York State Department of Financial Services.

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Financial InsurancePRIMARY
Financial Other Service

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Financial Guaranty Insurance Company

United States

Founded in

1972 (54 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.