FGIC Corp. just announced that Wilfred Romero has joined FGIC as managing director, structured finance effective Jan. 8. Romero will focus on the insurance securitization and financial solutions sectors.
Before FGIC, Romero was a consultant with Wachovia Securities where he originated and structured different types of insurance asset securitizations. Before this, Romero was a senior vice president at Benfield Inc. As head of its U.S. life practice, he led Benfield's efforts to provide innovative reinsurance, subordinated debt and securitization products to US life insurance companies. Romero's career in structured finance includes a 10-year position with Swiss Re Financial Services as an advisor on new product development. He started his career with the New York Life Insurance Co. where he was associate general counsel.
"With the help of Will's expertise, FGIC continues to broaden its participation in the expanding financial solutions and insurance securitization markets," said Kenneth Degen, managing director and head of FGIC's commercial structured finance group, based in New York. "Not only has he transacted in the insurance securitization marketplace but he also has hands-on experience in all of the fundamental aspects of the business, including legal analysis, stochastic modeling and accounting valuation."