Syncora Holdings believes it achieved adequate capital strength to meet regulatory requirements after jettisoning nearly $60 billion of loss-laden insurance policies from its books, the company said Friday.

The New York Insurance Department requires the bond insurer to maintain policyholders' surplus - or assets in excess of liabilities - of $65 million.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.