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Voters might approve a new bond package, but Financial Security Assurance Holdings wants to make sure that the city will pay it off on time. Through its subsidiaries, Financial Security Assurance (FSA) provides guaranty insurance on municipal bonds and other public finance projects. The company insures new issues and those already trading in the secondary market. The company operates primarily in the US, but also extends into Europe, Mexico, and the Pacific Rim. French-Belgian financial services company Dexia owned most of Financial Security Assurance until 2009 whenAssured Guaranty bought the company for about $550 million.
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| | | Contact Information | |
Address: |
31 West 52nd St.
New York, NY 10019
| | Phone: | 212-826-0100 | | Fax: | 212-688-3101 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 1229.30 M | | Employees (2008): | 396 |
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Key People
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Chairman and CEO, Financial Security Assurance Holdings and:
Robert P. (Bob) Cochran
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President, COO, and Director, Financial Security Assurance H:
Séan W. McCarthy
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Managing Director and CFO:
Joseph W. (Joe) Simon
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