Financial Security Assurance (FSA) was a financial guaranty insurance company. FSA primarily insured municipal bonds, asset-backed securities and mortgage-backed securities. FSA was acquired by Dexia Credit in 2000.
Sponsored IPO in 1994; built larger position over time
Grew U.S. asset-based premiums and international premiums significantly
Sold substantial position to Dexia Credit Local de France S.A. in 2000; remainder sold back to FSA in 2006