Kenneth Degen joined FGIC in May 2004, and he is the head of the Risk & Remediation Department responsible for loss mitigation, loss reserving and surveillance of FGIC's insured-portfolio. Prior to this role he was head of FGIC's Commercial Asset-Backed/Financial Solutions Group. In this role he was responsible for all commercial asset transactions, including aviation, operating and leasing securitizations, as well as all financial institution products. Prior to joining FGIC, Mr. Degen spent 14 years with the bond insurer MBIA where he was responsible for insuring more than $12 billion in asset-backed transactions. He has been involved in the securitization of numerous asset classes including residential mortgages, rail stock, shipping containers and other corporate assets. Mr. Degen also has seven years experience at Standard & Poor's. He has a B.S. from Temple University and an M.P.A. from Syracuse University Maxwell School.