Two companies are considering opening new bond insurance firms – a large US bank and a large private equity firm – according to New York’s insurance industry regulator. The potential for new entrants into the bond insurance sector comes amid continued uncertainty around the biggest bond insurers, Ambac and MBIA. Eric Dinallo, the New York insurance superintendent, told the FT that the interest showed that “there is a still a business model for bond insurance”.

This entry was posted by Gwen Robinson on Thursday, April 24th, 2008 at 5:36 and is filed under Capital markets, People. Tagged with Eric Dinallo. Edit this entry.