FGIC
Insurance · New York, United States · 51-200 Employees
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Overview
Headquarters
463 7th Ave, New York City, New York, 10...Phone Number
(212) 312-2776Website
www.fgic.comRevenue
$27 MillionIndustry
ZI Rank: 2
Signal Type
Dec
Jan
Feb
Mar
Apr
May
ZI Rank
6
2
2
2
2
2
About FGIC
FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation. FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013.Explore more
FGIC Org Chart
JV
Managing Director
DL
Managing Director
SH
Managing Director
SF
Managing Director
DT
Managing Director
GG
Vice President, Reinsurance
MF
Group Vice President, Structured Finance Cons...
DR
Assistant VP, Accounting & Tax Operations
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Revenue
Number of Employees
Type
Funding
Founded In
$97M
51-200
Public
-
1973
AR
Andrea RandolphHead of Corporate Administration Chief Information Officer & Chief Technology Officer
Company Profile Activity
Activity Insights
FGIC is experiencing very low activity levels compared to other companies in the Insurance sector.
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FGIC is drawing exceptional interest within the Insurance industry, suggesting notable developments or strong market momentum, learn more about FGIC.
FGIC Tech Stack
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FGIC News & Media
FGIC Announces NYSDFS Approval of CPP Upward Adjustment
NEW YORK--(BUSINESS WIRE)--Financial Guaranty Insurance Company (“FGIC”) today announced that it had received notice from the New York State Department of Financial Services (the “NYSDFS”) that, pursuant to and in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013, the NYSDFS has approved an increase of the cash payment percentage (CPP) of permitted policy claims that FGIC is required to pay under such Plan from 61.11% toFGIC Announces the New York State Department of Financial Services Does Not Support the Proposed Accelerated Run-Off Transaction Under the Transaction Support Agreement
NEW YORK--(BUSINESS WIRE)--On February 29, 2024, Financial Guaranty Insurance Company (“FGIC”) announced that it had entered into a transaction support agreement dated as of February 29, 2024 (the “Transaction Support Agreement”), with certain holders of outstanding FGIC-insured securities and units issued by the Custodial Trusts holding Puerto Rico-related securities insured by FGIC (“Units”), regarding a potential transaction that would accelerate the run-off of FGIC’s insured portfolio pursuFGIC Announces Results of Joinders to the Transaction Support Agreement; Supporting Owners Represent Over 85% of Permitted Policy Distributions Under the Proposed Transaction
NEW YORK--(BUSINESS WIRE)--Financial Guaranty Insurance Company (“FGIC”) announced the results of its joinder process for beneficial owners of certain FGIC-insured instruments and units (“Owners”) to join the Transaction Support Agreement, dated February 29, 2024, among FGIC and holders of certain FGIC-insured instruments and units (the “TSA”) and become eligible to receive an early joinder fee thereunder. The TSA provides for a transaction (the “Proposed Transaction”) that will accelerate theFGIC Announces Extension of Deadline to Join Transaction Support Agreement and Become Eligible to Receive Early Joinder Fee
NEW YORK--(BUSINESS WIRE)--Financial Guaranty Insurance Company (“FGIC”) announced it has extended the deadline for beneficial owners of certain FGIC-insured instruments and units (“Owners”) to join the Transaction Support Agreement, dated February 29, 2024, among FGIC and holders of certain FGIC-insured instruments and units (the “TSA”), and become eligible to receive an early joinder fee thereunder (the “Early Joinder Fee”). The new deadline for Owners to join the TSA and become eligible to r
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FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation. FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013.... Read More
