NU Online News Service, March 19, 3:59 p.m.EDT

Taking advantage of the precarious position of guarantyinsurers, Goldman Sachs appears to be aiming at entering thatmarketplace on the heels of acquiring Ariel Reinsurance earlierthis month.

The clues to Goldman Sachs' intentions came in a job postingfirst reported by The Financial Times which says the company isseeking a vice president for a position in its securitiesdivision.

In the posting,Goldman Sachs' says that the marketopportunities are interest because the monoline insurers providingthe coverage for securities for financial instruments "are bust orclose to bust."

The revelation comes just as the banking firm announced a moveto acquire Ariel Re earlier this month, a Bermuda-basedinsurer and reinsurer.

The company will operate as part of Goldman Sachs' ReinsuranceGroup.

The Financial Times notes that with the onset of more regulationunder Dodd-Frank, banks are seeking to diversify their income andone of doing this is by expanding into other fields ofbusiness.

A request for comment from Goldman Sachs was not immediatelyreturned.