Insured International Securities
AFGI members are increasingly involved in insuring international
securities in both the asset-backed and infrastructure finance markets.
The first insured European bonds, residential mortgage-backed securities,
were issued in the U.K. in 1986; since then bonds have been insured worldwide.
Today, AFGI firms insure a wide range of new issue and secondary market
transactions, including infrastructure and project financings, local
government issues, asset securitizations, structured finance transactions,
and sovereign and quasi-sovereign debt.
From international offices in Australia, Bermuda, France, Italy, Japan,
Singapore, Spain and the United Kingdom, AFGI firms have reached nearly every
corner of the globe with their insurance products.