Our Company
History
History
1985
FSA founded as first monoline insurance company to focus on financial guarantees for asset-backed securities; original owners were a group of institutional investors
1986
guaranteed first insured asset-backed security in public markets
1987
guaranteed first insured asset-backed transaction outside the United States, for a U.K. building society
1989
acquired by U S WEST
1990
entered the U.S. municipal bond market
1994
FSA Holdings' initial public offering on New York Stock Exchange at $20 per share
1998
entered into cooperation agreement with Tokio Marine & Nichido Fire Insurance Co., Ltd. to develop market for financial guarantees in Japan
2000
FSA Holdings became independent, separately capitalized member of the Dexia Group, in transaction valued at approximately $2.6 billion, or $76 per share
2001
financial products business began operations
2006
became first monoline financial guarantor to open a licensed branch in Japan
2007
became first licensed monoline authorized to do business in Mexico