ASSURED GUARANTY LTD
Sector: Life Insurance
Latest Quote @ Sat May 5 22:53:05 (15 min delayed)
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Assured Guaranty, Ltd., through its subsidiaries, provides credit enhancement products to the public finance, structured finance, and mortgage markets in the United States, Bermuda, the United Kingdom, Europe, and Australia. Its credit enhancement products are financial guarantees or other types of support, including credit derivatives that improve the credit of underlying debt obligations. The company operates in three segments: Financial Guaranty Direct, Financial Guaranty Reinsurance, and Mortgage Guaranty. The Financial Guaranty Direct insurance segment provides an unconditional and irrevocable guaranty that indemnifies the holder of a financial obligation against nonpayment of principal and interest when due, and could take the form of a credit derivative. The Financial Guaranty Reinsurance segment includes agreements whereby the company is a reinsurer and agrees to indemnify a primary insurance company against the loss, which the latter might sustain under a policy it has issued. The Mortgage Guaranty segment includes mortgage guaranty insurance and reinsurance whereby the company provides protection against the default of borrowers on mortgage loans. Assured Guaranty markets its products directly and through financial institutions. The company was formerly known as AGC Holdings, Ltd. Assured Guaranty is based in Hamilton, Bermuda.