Founded in 1997, ACA Financial Guaranty Corporation is a monoline bond insurance
company licensed in 50 states and 5 territories and regulated by the Maryland Insurance
Administration.
On August 8, 2008, the Company and counterparties to its structured finance products
reached an agreement on a restructuring plan for ACA. The plan, approved by the
Maryland Insurance Administration, provided for settlement of the structured finance
obligations and protection for ACA’s municipal policyholders. ACA will operate as
a runoff insurance company and focus on actively monitoring its remaining insured
municipal obligations.
ACA’s portfolio consists of approximately 700 policies guarantying timely payment
of principal and interest on more than $7 billion of generally high yield municipal
bonds.