/

ERM Glossary: Monoline insurer

[this page | pdf | references | back links | custom searches]

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


Desktop view | Switch to Mobile