Syncora Holdings Ltd. (fka SYCRF)

[rockraider3]

Clearly Syncora is working on a large reinsurance transaction or multiple transactions:

The first of these initiatives may include the execution of a reinsurance structure on terms mutually acceptable to the company and its regulators subject to certain contractual consents and Board approval.

Since our last call in April, I have received some preliminary pricing indications from potential reinsurance counter parties which is a step forward in our process for considering a potential reinsurance transaction.

We continue to speak to additional potential reinsurance counter parties who may submit proposals. We are reviewing the proposals that have been presented to understand the economic terms and structure of the proposed reinsurance transactions and the value they create for Syncora and the holders of its securities and financial guarantee policies.