The New Generation in Financial Guaranty.ppt

The New Generation in Financial Guaranty * Contents Overview Strategic Objectives Business Focus Professional Team Corporate Structure and Capitalization Rating Agency Perspectives Underwriting and Risk Management Contact information Appendices Professional Staff Biographies Website Overview The CIFG Group consists of two direct financial guaranty insurance companies, one in France and one in the U.S., and a dedicated financial guaranty reinsurance company domiciled in France that supports both direct companies These three companies are owned by the group’s holding company which is, in turn, owned by our parent, CDC IXIS All three companies, collectively capitalized with $500 million, are rated Triple-A by Moody’s, Standard Poors and Fitch Ratings The business is managed with a unified approach to risk management, finance and accounting, and systems and operations Strategic Objectives To provide value to investors seeking liquidity and security To provide our global clients with consistent, long-term trading value and unparalleled execution through a superior understanding of risk and business needs To create a profitable, substantial Triple-A rated financial guaranty organization with global reach To provide a new source of financial guaranty, allowing investors to prudently diversify their exposure to the industry To take advantage of the growing European opportunity for financial guaranty by leveraging the market presence of our parent, CDC IXIS Business Focus Three business units: US Public Finance US Structured Finance Europe Business mix reflective of current market activity Over 60% of business written is expected to be structured finance (US and European) Business Focus – Public Finance Public Finance activity will be targeted to lower risk, capacity constrained, and other opportunistic situations Initial activity will be focused in the secondary market to take advantage of pricing and competitive dynamics Pre-approved list of credits will f