Roger K. Taylor will retire in January as president and chief operating officer of Financial Security Assurance Holdings, the holding company for Financial Security Assurance. FSA Holdings made the announcement Friday.
Taylor will continue as vice chairman of the bond insurer and will remain on both the insurer's and the holding company's boards. He will focus on equity investments, new business initiatives, and reinsurance relationships.
"Our business is doing exceptionally well and it's growing in so many ways, and I think in the role I've been in you have to dedicate 100% of your time and effort with the business, and I've been wanting to find kind of a balance in my own life," said Taylor, 49. He said he planned to spend more time with his family while continuing his professional relationship with FSA.
Taylor said he would not be succeeded by any one person. "We'll take a variety of the different roles I've got and distribute them to other members of senior management," he said.
Taylor has been president and COO of FSA Holdings since November 1997, and he also served as president of the insurance firm from 1997 to 2000. He had been COO of both companies since May 1993 and a director of FSA Holdings since February 1995. Before 1995, he was managing director of FSA's financial guaranty department.
From 1983 to 1989, before he worked for FSA, Taylor was the executive vice president of Financial Guaranty Insurance Co., of which he was also a founder and executive committee member. He planned to stop working full-time when he left the GE Capital subsidiary, but in 1990 went to work for FSA as a consultant to help develop a municipal business.
Before FGIC, he worked in corporate finance and municipal investment banking at E.F. Hutton & Co.
Taylor holds a bachelor's degree in economics from Williams College in Massachusetts and an MBA in finance from the Amos Tuck School of Business at Dartmouth University.
