Hashtag: #Assured

Assured Guaranty Withdraw Puerto Rico Lawsuit

Assured Guaranty Withdraw Puerto Rico Lawsuit

Saying that due to the “crisis in Puerto Rico following Hurricane Maria, and the high likelihood that the Fiscal Plan will have to be revised,” Bermuda-based Assured Guaranty withdrew their lawsuit challenging the legality of the Commonwealth’s Fiscal Plan. The company has voluntarily withdrawn without prejudice their lawsuit challenging... Read more of this article

A.M. Best Affirms Ratings Of Assured Guaranty

A.M. Best Affirms Ratings Of Assured Guaranty

Rating company A.M. Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Rating of “aa” of Assured Guaranty Re Overseas Ltd. [AGRO] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. A statement from the ratings agency said, “The ratings reflect AGRO’s strong risk-adjusted capitalization,... Read more of this article

Assured Guaranty Declares Quarterly Dividend

Assured Guaranty Declares Quarterly Dividend

Assured Guaranty Ltd. declared a quarterly dividend of $0.1425 per common share. The dividend is payable on May 31, 2017 to shareholders of record at the close of business on May 17, 2017. Assured Guaranty Ltd. is a publicly traded Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international... Read more of this article

Assured Guaranty Declares Quarterly Dividend

Assured Guaranty Declares Quarterly Dividend

Assured Guaranty Ltd. declared a quarterly dividend of $0.1425 per common share, an increase of nearly 10% from the quarterly dividend of $0.13 per common share that was declared on November 2, 2016. Assured Guaranty has raised its quarterly dividend for six consecutive years, bringing the total increase to 217% since its November 2011 dividend payment. The... Read more of this article

Assured Guaranty Complete Acquisition Of MBIA

Assured Guaranty Complete Acquisition Of MBIA

Bermuda-based Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty] announced that its subsidiary Assured Guaranty Corp. [AGC] completed its acquisition of MBIA UK Insurance Limited [MBIA UK], the European operating subsidiary of MBIA Insurance Corporation, in accordance with the agreement announced on September 29, 2016. “Assured... Read more of this article

Assured Guaranty To Acquire MBIA UK Insurance

Assured Guaranty To Acquire MBIA UK Insurance

Bermuda-based Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty], announced that its subsidiary Assured Guaranty Corp. [AGC] has entered into an agreement to acquire MBIA UK Insurance Limited [MBIA UK], the European operating subsidiary of MBIA Insurance Corporation [together with its subsidiaries, MBIA]. The parties expect the... Read more of this article

Assured Completes CIFG Assurance Acquisition

Assured Completes CIFG Assurance Acquisition

Assured Guaranty Ltd. announced today that its subsidiary Assured Guaranty Corp. [AGC] acquired CIFG Holding Inc., the parent of financial guaranty insurer CIFG Assurance North America, Inc. [CIFG] in accordance with the agreement announced on April 13, 2016. “On or about July 5, 2016, CIFG will merge with and into AGC, with AGC as the surviving... Read more of this article

Assured Guaranty To Acquire CIFG Holding

Assured Guaranty To Acquire CIFG Holding

Assured Guaranty Ltd. announced that its subsidiary Assured Guaranty Corp. [AGC] has entered into an agreement to acquire CIFG Holding Inc. [CIFG]. CIFG is the parent of financial guaranty insurer CIFG Assurance North America, Inc. [CIFG NA]. The acquisition is expected to be completed mid-2016, subject to receipt of anti-trust and insurance regulatory... Read more of this article

Assured Raises Quarterly Dividend By 8%

Assured Raises Quarterly Dividend By 8%

Assured Guaranty Ltd declared a quarterly dividend of $0.13 per common share, an increase of 8% from the dividend of $0.12 per common share that was declared on November 4, 2015. Assured Guaranty has raised its quarterly dividend for five consecutive years, bringing the total increase to 189% since its November 2011 dividend payment. The dividend is... Read more of this article

Assured CEO Replies To Puerto Rico Governor

Assured CEO Replies To Puerto Rico Governor

In response to Puerto Rico Governor Garcia Padilla’s statement reported on Friday, January 8 that there is no legal framework to address Puerto Rico’s debt disputes and that “the Commonwealth and its creditors will soon face the opposite of due process and rule of law,” Dominic Frederico, President and CEO of Assured Guaranty Ltd. [together... Read more of this article

Assured Files Suit To Stop Puerto Rico Clawback

Assured Files Suit To Stop Puerto Rico Clawback

Bond insurance subsidiaries of Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty] have filed suit challenging the constitutionality of the revenue clawback instituted by the Commonwealth of Puerto Rico [Commonwealth] late last year. “Assured Guaranty believes the clawback of revenues pledged to bond issues violates the U.S... Read more of this article

Assured Guaranty Ltd. Reports 2015 Q3 Results

Assured Guaranty Ltd. Reports 2015 Q3 Results

Assured Guaranty Ltd. reported financial results for the three-month period ended September 30, 2015, with President and CEO Dominic Frederico saying the company “had a successful third quarter in 2015. “We continued to lead the U.S. municipal market in terms of both par and number of new issues insured. We also repurchased 5.4 million... Read more of this article

Assured Guaranty Corp. Acquired Radian Asset

Assured Guaranty Corp. Acquired Radian Asset

Assured Guaranty Ltd. announced that its subsidiary Assured Guaranty Corp. [AGC] acquired Radian Asset Assurance Inc. from Radian Guaranty Inc., in accordance with the agreement announced December 23, 2014. Radian Asset has merged with and into AGC, with AGC as the surviving company. As a result, the assets and obligations of Radian Asset have become... Read more of this article