ACA Financial Guaranty Corporation · New York, NY United States ·(Pink Sheets: ACAH)
Company Description
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This link will open in a new window ACA Financial Guaranty provides financial guaranty insurance for municipal and other public finance bonds. Previously, the company also provided asset management services for collateralized debt obligations (CDOs) built by pooling fixed-income assets, including bonds, loans, and credit swaps; investors in the company's CDOs included banks, money managers, hedge funds, and insurance companies. Pressures brought on by troubles in the US subprime mortgage market forced the company to reorganize and place its municipal bond guaranty business into run-off. To read the full description, subscribe now.
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Key ACA Financial Guaranty Corporation Financials
| Company Type | Public - Pink Sheets: ACAH Headquarters |
| Fiscal Year-End | December |
| 2006 Sales (mil.) | $464.1 |
| Employees | 102 |
ACA Financial Guaranty Corporation Executives
15 executives listed for ACA Financial Guaranty Corporation's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman | Willis King | Network |
| CEO and Director | Raymond Brooks | Network |
| Treasurer and CFO | Philip Sherman | Network |
Competition
Competitive Landscape for ACA Financial Guaranty Corporation
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top ACA Financial Guaranty Corporation Competitors
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