Hashtag: #Assured
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 The company has voluntarily withdrawn without prejudice their lawsuit challenging...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
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 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 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
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
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 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 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 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
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
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. 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
