Draft:Assured Guaranty
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| Submission declined on 13 June 2025 by Gobonobo (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by Gobonobo 8 days ago.
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Comment: Almost all of these references are primary sources. Independent sourcing is required to demonstrate notability. gobonobo + c 23:56, 13 June 2025 (UTC)
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| Assured Guaranty Ltd | |
| Company type | Public |
| NYSE: AGO | |
| Industry | Financial Services |
| Predecessor | Capital Re Corp.[1] |
| Founded | 1988[2] |
| Headquarters | 30 Woodbourne Avenue, , Bermuda[3] |
Number of locations | 7 offices[3] |
Area served | |
Key people | |
| Products |
|
 US$389 million[4] (2024) | |
| US$376 million[4] (2024) | |
| Total equity | US$5.49 billion[4] (2024) |
Number of employees | 360[5] (2025) |
| Subsidiaries | Assured Investment Management (2019-2023)[2] |
| Website | assuredguaranty |
Assured Guaranty (AG) is a Bermudian company that specializes in financial guaranty insurance. The firm provides insurance products that ensure the timely payment of scheduled principal and interest on various types of debt obligations, including municipal bonds, public infrastructure projects, and structured finance instruments.[6]
In addition to its core insurance business, AG has involvement in asset management through its ownership stake in Sound Point Capital Management L.P., along with certain affiliated investment management entities.[7][8]
AG was established in January 1988 as a subsidiary of ACE Limited (ACE), specializing in financial guaranty insurance.[9][10] The company conducted its initial public offering (IPO) in April 2004.[11][12][13] In December 2003, Dominic J. Frederico was named President and CEO of AG.[14][10]
Financial Guaranty Insurance
[edit]In the United States and certain other jurisdictions, the company’s insurance divisions specialize in protecting creditors from potential defaults on debt obligations while enabling issuers to access capital markets under more cost-effective conditions. The company also functions as a reinsurer within the financial guarantee industry.[15]
From an investor standpoint, the firm provides value through an unconditional and irrevocable guarantee, underpinned by its extensive experience in credit risk assessment, underwriting practices, and continuous oversight of insured instruments. Additional advantages may encompass mitigation of credit rating deterioration, greater consistency in market value, and increased liquidity within secondary markets. Issuers utilize the company’s financial guarantee offerings to lower borrowing expenses, broaden their investor base, and pursue more diversified funding strategies.[7]
History
[edit]Early years
[edit]AG began in January 1988 as a subsidiary of a ACE, established to provide specialized financial guaranty reinsurance and insurance products.[16][17] Its core offering involved insuring bonds by guaranteeing timely payment of principal and interest to investors, thereby reducing borrowing costs for issuers.[18]
The company differentiated itself through disciplined underwriting and conservative capital management, prioritizing transparency and risk diversification.[19] By the early 1990s, it expanded its reach to the U.S. municipal bond market, partnering with major financial institutions to distribute its policies.[20]
In 1999, ACE spun off the subsidiary into an independent entity, marking its transition into a standalone financial guaranty leader.[9] The company further solidified its market position through strategic acquisitions, which expanded its expertise in structured finance. By the late 1990s, AG had become a key player in insuring asset-backed securities, including mortgage-backed bonds and CDOs.[18][12]
The firm weathered the 2008 financial crisis relatively well due to its conservative risk framework, avoiding the catastrophic losses faced by peers.[19] Today, headquartered in Hamilton, Bermuda, AG remains a leading provider of financial guaranty insurance, with a focus on infrastructure and public-private partnership projects globally.[21][22]
Initial public offering
[edit]On April 23, 2004, AG became a public company via an initial public offering. The company opened on the New York Stock Exchange under the ticker symbol AGO with an offering of 49,000,000 shares at a price of $18 per share. The shares were entirely sold by subsidiaries of ACE. ACE maintains a beneficial interest of 25% to 35% via its subsidiary entities, contingent on the exercise of the underwriters' over-allotment option for an additional 7,350,000 shares. The share sale resulted in AG having a market capitalization of more than $800 million.[23][12][13][24]
Acquisitions
[edit]In July 2009, AG acquired Financial Security Assurance Holdings (FSAH) and Financial Security Assurance (FSA), consolidating the two financial guarantee providers that successfully emerged from the global financial crisis. Following the acquisition, FSAH was renamed Assured Guaranty Municipal Holdings Inc., and FSA was rebranded as Assured Guaranty Municipal Corp.[25][26][27]
In April 2015, AG completed the acquisition of Radian Assets Assurance Inc. (RAA) from Radian Guaranty Inc., followed by the merger of RAA into AG, with AG continuing as the surviving entity.[28][29][30]
In July 2016, AG acquired the parent company of CIFG, a financial guaranty insurer, and subsequently merged CIFG into AG, with AG remaining as the surviving entity. At the time of the transaction, CIFG held a European operating subsidiary, CIFG Europe S.A. (CIFGE), which became part of AG following the merger of CIFG into AG.[31][32][33]
In January 2017, AG acquired MBIA UK Insurance Limited, the subsidiary of MBIA Insurance Corporation responsible for European operations, and later rebranded it as Assured Guaranty (London) plc.[34][35][36][37]
In October 2019, AG acquired BlueMountain Capital Management LLC, an asset management firm, to serve as the foundation of its asset management platform.[2][38][39][40][41]
Structure
[edit]Assured Guaranty Ltd. is the parent of a diverse set of subsidiaries:[42][43][44]
| Subsidiary | Business |
|---|---|
| Assured Guaranty Re Ltd. | Insurance Subsidiary in Bermuda |
| Assured Guaranty Re Overseas Ltd. | Insurance Subsidiary in Bermuda |
| Assured Guaranty Inc. | Insurance Subsidiary in United States |
| Assured Guaranty UK Limited | Insurance Subsidiary in United Kingdom |
| Assured Guaranty (Europe) SA | Insurance Subsidiary in Europe |
Ownership
[edit]Assured Guaranty is mainly owned by institutional investors, who own over 96% of shares. The largest shareholders on March 31, 2025 were:[45]
- The Vanguard Group (13.41%)
- BlackRock (12.55%)
- Wellington Management Group (8.74%)
- Dimensional Fund Advisors (7.36%)
- Nuveen (6.79%)
- State Street Corporation (3.86%)
- First Trust Advisors (2.70%)
- Reinhart Partners (2.31%)
- River Road Asset Management (2.31%)
- Fuller & Thaler Asset Management (2.15%)
References
[edit]- ^ "Municipal Bond | Financial Guaranty | Bond Insurance". assuredguaranty.com. Retrieved 2025-06-11.
- ^ a b c "Assured Guaranty | History". assuredguaranty.com. Retrieved 2025-06-11.
- ^ a b c "Assured Guaranty". assuredguaranty.com. Retrieved 2025-06-11.
- ^ a b c d "Assured Guaranty 2024 Annual Report" (PDF). Assured Guaranty. December 31, 2024. Retrieved June 10, 2025.
- ^ "Assured Guaranty - Careers at the Leading Provider of Municipal Bond Insurance and Financial Guarantees". assuredguaranty.com. Retrieved 2025-06-11.
- ^ "Assured Guaranty | LinkedIn". www.linkedin.com. 2023-09-16. Retrieved 2025-06-14.
- ^ a b "Municipal Bond Insurance | Financial Guaranty | Muni Bond". assuredguaranty.com. Retrieved 2025-06-10.
- ^ "Assured Guaranty Completes Business Combination of Asset Management Business with Sound Point Capital Management". Archived from the original on 2023-07-08. Retrieved 2025-06-14.
- ^ a b "Assured Guaranty | History". assuredguaranty.com. Retrieved 2025-06-10.
- ^ a b www.sec.gov https://www.sec.gov/Archives/edgar/data/1273813/000104746904016887/a2135968zs-1a.htm. Retrieved 2025-06-14.
{{cite web}}: Missing or empty|title=(help) - ^ "Financial Guaranty Insurance". assuredguaranty.com. Retrieved 2025-06-10.
- ^ a b c www.sec.gov https://www.sec.gov/Archives/edgar/data/1273813/000104746904013187/a2134600z424b1.htm. Retrieved 2025-06-14.
{{cite web}}: Missing or empty|title=(help) - ^ a b Gelsi, Steve (2004-04-02). "Ace unit Assured Guaranty IPO weighs in at $1 billion". MarketWatch. Retrieved 2025-06-14.
- ^ "Municipal Bond | Financial Guaranty | Bond Insurance". assuredguaranty.com. Retrieved 2025-06-10.
- ^ "Document". www.sec.gov. Retrieved 2025-06-14.
- ^ "Assured Guaranty | History". assuredguaranty.com. Retrieved 2025-06-13.
- ^ "Assured Guaranty - 2025 Company Profile - Tracxn". tracxn.com. 2025-06-07. Retrieved 2025-06-13.
- ^ a b "Assured Guaranty | LinkedIn". www.linkedin.com. 2023-09-16. Retrieved 2025-06-13.
- ^ a b "10-K". www.sec.gov. Retrieved 2025-06-14.
- ^ "Municipal Bond | Financial Guaranty | Bond Insurance". assuredguaranty.com. Retrieved 2025-06-13.
- ^ "Assured Guaranty 2025 Company Profile: Stock Performance & Earnings | PitchBook". pitchbook.com. Retrieved 2025-06-13.
- ^ "Assured Guaranty 2023 Annual Report" (PDF). annualreports.com. 2023.
- ^ "Initial Public Offering of Assured Guaranty Ltd. Priced at $18.00 per Share". info.assuredguaranty.com. Retrieved 2025-06-13.
- ^ Mallon, Mairi (2004-04-20). "Assured Guaranty IPO expected to raise nearly $1b". www.royalgazette.com. Retrieved 2025-06-14.
- ^ Alston & Bird LLP - Julie Marcacci (2008-11-14). "Assured Guaranty announces agreement to acquire Financial Security Assurance Holdings from Dexia". Lexology. Retrieved 2025-06-14.
- ^ "Assured Guaranty Closes Acquisition Of Financial Security Assurance Holdings - Quick Facts". RTTNews. Retrieved 2025-06-14.
- ^ "Shareholders, N.Y. Regulators Approve Assured's Acquisition of FSA". Best’s News & Research Service. Retrieved 2025-06-14.
- ^ Klotz, James A. (2015-04-13). "Assured Guaranty Completes Deal to Acquire Radian Asset". FMSbonds.com. Retrieved 2025-06-14.
- ^ Lane, Ben. "Radian completes sale of Radian Asset to Assured Guaranty". HousingWire. Retrieved 2025-06-14.
- ^ "Assured Guaranty Corp. Acquired Radian Asset". Bernews. 2015-04-07. Retrieved 2025-06-14.
- ^ Day, Insurance (2023-02-08). "Informa Insurance News 24".
- ^ Beckerman, Josh (2016-04-13). "Assured Guaranty to Buy CIFG Holding for $450 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-06-14.
- ^ "Assured Guaranty to Buy CIFG Holding for $450 Million in Cash". Bloomberg.com. Archived from the original on 2022-05-21. Retrieved 2025-06-14.
- ^ "Assured Guaranty Completes Acquisition of MBIA UK Insurance Limited". Law.com. Retrieved 2025-06-14.
- ^ Bentley, Zak (2016-09-30). "Assured Guaranty buys MBIA's UK subsidiary". Infrastructure Investor. Retrieved 2025-06-14.
- ^ "Assured Guaranty completes acquisition of MBIA UK Insurance". www.bermudareinsurancemagazine.com. Retrieved 2025-06-14.
- ^ "Assured Completes Acquisition of MBIA UK Insurance". Bond Buyer. 2017-01-17. Retrieved 2025-06-14.
- ^ Cumming, Chris (2019-08-07). "Assured Guaranty to Buy BlueMountain Capital for $160 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-06-14.
- ^ Childs, Mary. "Assured Guaranty Buys Hedge Fund BlueMountain for $160 Million". barrons. Retrieved 2025-06-14.
- ^ "Assured Guaranty Completes Acquisition of Asset Manager BlueMountain". Retrieved 2025-06-14.
- ^ Parmar, Nabila Ahmed, Hema (2019-08-08). "Assured Guaranty to Take Over BlueMountain Capital for $160 Million". Insurance Journal. Retrieved 2025-06-14.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "Assured Guaranty". assuredguaranty.com. Retrieved 2025-06-13.
- ^ "Municipal Bond Insurance | Financial Guaranty | Muni Bond". assuredguaranty.com. Retrieved 2025-06-13.
- ^ "Subsidiaries of the Company". www.sec.gov. Retrieved 2025-06-14.
- ^ "Assured Guaranty Ltd. (AGO) Stock Major Holders - Yahoo Finance". Yahoo Finance. March 31, 2025. Retrieved March 31, 2025.
External links
[edit]- Official website
- Business data for Assured Guaranty Ltd.: