Huge losses, downgrades and fears of corporate defaults. If ever there was a case study in the risks associated with a monoline business model, the bond insurance sector has provided it. Helen Yates reports.
Allstate in the dock, insurance pools with negative equity and a federal catastrophe backstop in the offing. With election fever in the air, Ronald Gift Mullins looks at an increasingly politicised US insurance market.
After Hurricane Katrina and her sisters wrought their destruction in 2005 the Bermuda monoline business model was never going to look good. Two and a half years on, Lee Coppack asks if diversification is all it’s cracked up to be.