Syncora Holdings Ltd., formerly Security Capital Assurance Limited, is a holding company whose operating subsidiaries provide credit enhancement and protection products to the public finance and structured finance markets throughout the United States and internationally through the issuance of financial guarantee insurance policies and credit default swap (CDS) contracts, as well as the reinsurance of financial guarantee insurance and CDS contracts written by other insurers. The Company’s businesses consists of Syncora Guarantee Inc. (Syncora Guarantee) and its wholly owned subsidiary, Syncora Guarantee (U.K.) Ltd. (Syncora Guarantee-UK, and Syncora Guarantee Re Ltd. (Syncora Guarantee Re). It operates in two segments: financial guarantee insurance segment and financial guarantee reinsurance segment.