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Syncora Holdings Ltd. Comments on Status of Jefferson County Alabama

prnewswire.com

Aug 4, 2008

Story Timeline: 63 days

Syncora Holdings Ltd. Comments on Status of Jefferson County Alabama Subsidiary Syncora Guarantee Inc. Makes $35 Million Claim Payment HAMILTON, Bermuda, Aug. 4 /PRNewswire-FirstCall/ -- Syncora Holdings Ltd. (formerly known as Security Capital Assurance Ltd) (NYSE: SCA) ("Syncora Holdings" or the "Company") commented today on the ongoing financial crisis in Jefferson County, Alabama (the "County"). Today, Syncora Guarantee Inc. (formerly known as XL Capital Assurance Inc.), Syncora Holdings' primary financial guarantee insurance subsidiary, has made a $35 million claim payment as part of an agreement entered into with the County, pursuant to the terms of the insurance policies it provides for the benefit of the holders of Jefferson County's sewer warrants. "Syncora Guarantee remains committed to honoring the terms of the... [read full story]

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