Having insured just two public asset-backed securities deals in the past year, Financial Guaranty Insurance Corp. - looking to reclaim its mid-90s competitive market share - is eyeing a few senior hires to spearhead its ABS efforts, said sources familiar with the situation.

"They're looking for a head for their whole asset-backed department," one source said. "If they're going to get back into it, they're going to have to establish credit, and they'll do that through a big hire."

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