When you buy a municipal bond with MAC bond insurance, we guarantee you will receive timely payment of every interest and principal payment in full. You have the security of both the municipal issuer’s pledge to pay and our unconditional, irrevocable guaranty. The state, city or other municipal issuer also benefits through reduced financing costs, and the money raised by the bond issue helps to build and maintain the public infrastructure we all rely on.
MAC is part of the Assured Guaranty group, which is the leading financial guarantor. Assured Guaranty Ltd., through its subsidiaries, has been insuring municipal bonds for over 30 years and has the greatest combined claims-paying resources in the financial guaranty industry. Assured Guaranty Ltd. is a publicly traded company listed on the New York Stock Exchange under the ticker symbol AGO. Together with its subsidiaries, it is known simply as Assured Guaranty.
In 2013 MAC began offering insurance to meet demand from a particular segment of municipal bond investors, those who prefer municipal bond insurance from a company that guarantees only U.S. municipal bonds. Of course, any municipal bond investor can benefit from the protection MAC insurance affords. The MAC guaranty has strong financial strength ratings from Standard & Poor’s Ratings Services (S&P) and Kroll Bond Rating Agency (Kroll).
MAC launched with attributes that it takes most start-up companies years to establish. Our seasoned management includes some of the most experienced public finance and financial guaranty professionals in the municipal bond market. On day one, MAC had insurance licenses in 37 states and the District of Columbia. Today, MAC is licensed and offers municipal bond insurance in all 50 states and D.C. So although MAC is a relatively new name in the municipal bond market, it has advantages that make it very different from a start-up.