ERM Glossary: Monoline insurer
[this page | pdf | references | back links]
Technically, a monoline insurer
could be an insurer that has just one line of business. However, a monoline
insurer is generally understood to be an entity which specialises in providing
credit protection to the holders of debt instruments in the event of default by
the debt security counterparty. This protection is typically provided in the
form of derivatives such as credit default swaps referencing the underlying
exposures held.
NAVIGATION LINKS
Contents | Prev | Next