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, Mexico, Spain and the United Kingdom, AFGI firms have reached nearly every
corner of the globe with their insurance products.