Security Capital Assurance Reviews

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Susan B. Comparato
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Headquarters Hamilton, Bermuda
Size 50 to 149 Employees
Founded Unknown
Type Company - Public (SYCRF)
Industry Insurance
Revenue Unknown / Non-Applicable per year
Competitors MBIA, Fgic, Assured Guaranty

Syncora Holdings Ltd. used to be a place to get loans insured, but for now new customers will have to look elsewhere. Syncora is a financial guaranty insurer -- the kind of insurance which covers bonds and other investments from the risk of default. Syncora operates in the US through its subsidiary Syncora Guarantee Inc. The company has also provided reinsurance on financial guarantee insurance policies. Both lines of business were closely tied to mortgage-backed securities, leaving Syncora vulnerable to increased default rates. The company is currently not writing new... More

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