IPO Profile

American Capital Access Holdings
140 Broadway, New York, New York 10005
Tel: 212-375-2000
Web: www.aca.com
Ticker: ACA
Stock Exchange: New York Stock Exchange
Shares Issued: 0.00
Price Offered: $0.00
Amount Raised: $125,000,000.00

Underwriters:
J.P. Morgan





Company Description:
ACA Holdings is a Bermuda holding company that through its operating subsidiaries provides financial guaranty and other insurance products and related financial services. We combine capital markets capabilities with an "A" rated insurance platform to participate in our selected markets. We apply expertise in credit analysis, quantitative risk assessment and structured finance across our business lines. Our company was established in 1997 principally as a municipal bond insurance company. Our broader business model was implemented under the direction of the current senior management, which joined our company in the second half of 2000 and the first half of 2001. We provide financial guaranty insurance primarily in connection with the credit enhancement of municipal obligations. We receive premiums in exchange for providing protection against payment defaults. In the municipal finance market, our "A" financial strength rating allows us to provide credit enhancement to sectors that historically have not been served by other financial guarantors due to the underlying ratings, smaller size, scarcity of public information or an absence of pre-established analytical criteria relating to the issuer. As of September 30, 2003, we had $8.0 billion in net par insured, $5.2 billion of which represents our insured municipal bond portfolio. Since inception, we have experienced net paid losses on our total insured portfolio of less than 1% of gross premiums written.