CapMAC Holdings
CapMAC Holdings Inc. (Capital Markets Assurance Corporation) was a New York-based holding company that provided financial guaranty and surety insurance for structured securities worldwide, primarily asset-backed securities, alongside structured financial solutions, advisory and structuring services, and investment management. Founded in 1973 and headquartered at 885 Third Avenue in New York City, it was a Canaan Partners portfolio company. MBIA Inc. acquired CapMAC Holdings in a stock swap valued at more than $500 million, completing the merger on February 17, 1998, after which CapMAC operated as an indirect wholly-owned MBIA subsidiary. Capital Markets Assurance Corporation was merged into MBIA Insurance Corporation during the third quarter of 2010 and ceased to exist as a separately licensed insurer. The company is defunct and operates no website, developer program, or API surface; the capmac.com domain is an unrelated parked domain listed for sale.
CapMAC Holdings is profiled on the APIs.io network. Tagged areas include Company, Financial Services, Insurance, Financial Guaranty, and Structured Finance.
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