Financial Guaranty Insurance Corp. (FGIC) has poached four pros from rival bond insurer Ambac, including the guarantor's vice chairman and head of MBS business. Joining FGIC are Howard Pfeffer, Thomas Adams, Tim Travers and Jeffrey Fried, reported ASR sister publication The Bond Buyer.

Pfeffer, formerly Ambac's Vice Chairman, will take over as President and Chief Underwriting Officer in both FGIC's structured finance and public (municipal) finance operations, reporting to CEO Frank Bivona. Adams will head FGIC's structured finance business, reporting to Pfeffer, with a focus on auto loan and mortgage-backed transactions.

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