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Market moves.

Publication: Business Insurance
Publication Date: 27-OCT-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Market moves.(News)(Willis King and Raymond Brooks Jr., have been appointed at ACA Financial Guaranty Corp.)(Ingenix Inc. has perchased Integris Inc.)(Fuller & O'Brien Inc. has been perchased by Arthur J. Gallagher & Co.)

Article Excerpt
ACA Financial reorganizes, appoints new board

NEW YORK-Following the approval of a restructuring plan by the Maryland Insurance Administration, New York-based ACA Financial Guaranty Corp. has reorganized with a new board of directors and restructured its balance sheet and obligations.

ACA, a financial guarantee insurer of municipal bonds that began running into financial difficulties in 2007, is incorporated in Maryland.

Willis King, executive chairman of Lake Mary, Fla.-based, First Protective Insurance Co. and Fidelity Fire & Casualty Insurance Co., and a former longtime reinsurance brokerage executive, is the new chair of the reorganized board.

Raymond Brooks Jr., former managing director with New York-based Alvarez & Marsal Holdings L.L.C., is the new chief executive officer and a board director.

As a result of the restructuring, ACA Capital Holdings Inc....

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