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NEW YORK, April 14 (Reuters) - FGIC Corp, whose main unit is a bond insurer, said on Monday it was looking at ways to boost its capital and protect policy holders, including setting up a new insurer that would focus on municipal bonds.

Any newly capitalized company could also assume FGIC's existing municipal bond and infrastructure business, the company said.

FGIC has been trying to recapitalize for months. In mid-February, FGIC told regulators it planned to hive off its muni bond business from its structured finance operations.

The company said it expected to have a plan to present to its board of directors in the coming weeks.

Structured finance insurance, which typically entails guaranteeing repackaged consumer debt, is expected to trigger billions of dollars of writedowns for bond insurers.

FGIC reported a fourth quarter net loss last month in large part due to structured finance writedowns.

Goldman Sachs is helping FGIC in its efforts.

FGIC guaranteed about $313.9 billion of debt as of the end of 2007.

(Reporting by Dan Wilchins; Editing by Ted Kerr)