Social Responsibility


At Assured Guaranty, our people are critical to our success and we believe that our investment in both our workforce and our workplace strengthens our company, supports our business objectives and better serves our clients. Our average annual turnover rate over the last three years of 4.1% demonstrates our level of commitment to our people and the effectiveness of our approach.

Diversity and Inclusion

Assured Guaranty believes that diversity and inclusion in the workforce contribute to the strength and success of the organization. Building a team from different backgrounds, experiences and perspectives leads to increased innovation and creativity; fostering a work environment that promotes inclusion results in a more productive and impactful sharing of ideas and a stronger community. Respect, professionalism and fairness are at the heart of our corporate culture.

Assured Guaranty is committed to equal employment opportunity and compliance with all applicable work-related laws and regulations. Employment decisions are made and terms and conditions of employment are set without regard to race, color, religion, gender, national origin, ancestry, age, pregnancy, physical or mental disability, genetic information, sexual orientation, gender expression, gender identity, marital status, military and veteran status, citizen status, or any other basis protected by applicable law. The Company also makes reasonable accommodations for disabled employees and applicants, as required by law. Assured Guaranty does not tolerate sexual, racial, ethnic or other harassment, whether verbal, physical or environmental, and endeavors to maintain a safe and productive work environment. To ensure compliance with our recruiting and hiring policies, we provide training programs for our managers. Our annual Code of Conduct training, which is required for all employees, reminds us that we are all responsible for being part of a respectful and inclusive environment where everyone feels comfortable contributing their ideas and is valued for doing so.

It has been reported that, although women comprise approximately half of the population and account for more than half of the total student population in higher education, they are not equally represented in the financial services industry, particularly at the more senior levels. For information about the gender composition of Assured Guaranty’s Board, senior management and overall workforce, please click here. We believe that transparency promotes accountability, and accountability leads to improvement. Additionally, we are working to develop a talent pool of women at all levels of our organization. We also support and promote a number of women’s initiatives in and outside of the municipal bond and public finance industry.

Supporting Women in Public Finance

Assured Guaranty and its employees are actively involved in several industry groups that support and work to advance women in public finance. Below are some of the organizations that Assured Guaranty proudly sponsors:

Northeast Women in Public Finance (NEWPF). Assured Guaranty is a sponsor of NEWPF, which is a professional organization for women who work in public finance. Assured Guaranty professionals have long been active in the organization and have served on its board. Our involvement includes sponsorship of the NEWPF Mentoring Program and its Tax Reform panel.

Women in Public Finance (WPF). WPF is a nationwide professional networking organization for women in the public finance industry, seeking to advance women’s leadership opportunities by fostering relationships and providing educational activities and forums. Assured Guaranty is a sponsor of a number of WPF events, with employees also active in the organization.

Ladies First. Ladies First is a professional association of women engaged in the public finance industry. Assured Guaranty is a sponsor of Ladies First and our employees participate in their events.

Municipal Bond Women’s Forum. Assured Guaranty is a sponsor of this annual day-long event focused on discussion, networking, and learning from women leaders in the municipal bond business.

Employee Development

At Assured Guaranty we want to recruit and retain talented people. We have several programs in place to help our employees improve their credentials and skills sets so that they can achieve their career goals. Assured Guaranty maintains a strong commitment to continued education and development; we offer tuition reimbursement, payment of fees for business certifications and professional exams, as well as ongoing professional development and training. When employees thrive, the Company thrives too.

We encourage employees to pursue continuing education by paying for:

  • Skills training such as Excel and PowerPoint
  • Management training classes
  • Attending industry and related conferences

Living Wage

The Company pays its employees fair living wages and offers a generous benefits package that includes health insurance for employees and their families, and a 401K plan and employee stock purchase plan to give employees the opportunity to plan for their future.


The safety and security of employees is of vital importance to our Company. Assured Guaranty wishes to provide a safe and healthful work environment for employees, clients and visitors. In keeping with our intent to provide a safe and healthful work environment, we have implemented a number of measures at our facilities such as prohibiting smoking and e-cigarette use, securing entrances to our offices, and allowing only authorized visitors in the workplace. In addition, employees are expected to exercise caution in all work activities and must immediately report any unsafe condition to the appropriate manager.

Health and Wellness

Assured Guaranty is committed to promoting a culture of health and wellness for our employees. We offer comprehensive health benefits, gym membership discounts, bicycle parking in our offices that can be paid for out of pre-tax dollars, and health and wellness events throughout the year. In addition, we provide:

  • Health Advocate, an independent company made up of professionals such as nurses, doctors and psychologists that help our employees navigate the healthcare system
  • Employee Assistance Programs through both United HealthCare and Guidance Resources® Online that provide confidential assistance to employees on issues as well as topics such as personal development, mental and behavioral health and wellness, parenting and family, substance abuse and recovery, financial planning, and legal issues
  • Financial assistance to eligible employees for certain expenses incurred in connection with the adoption of a child
  • Annual health fair
  • Annual blood pressure screening
  • Company-sponsored athletic teams
  • Discounted tickets to cultural events
  • Monthly wellness news letters


As a publicly traded company that is listed on the New York Stock Exchange (ticker: AGO) we are subject to, and comply with, numerous disclosure requirements. But we also understand the value of dialogue. We welcome the opportunity to communicate and engage with a broad range of stakeholders that includes regulators, policyholders, issuers, investors, shareholders and our own employees. Engagement with stakeholders is not exclusive to our Investor Relations group; in their respective roles, members of our Board, senior management, and others at Assured Guaranty also participate in outreach and make themselves available in compliance with our Corporate Communications policy. Through these exchanges we offer transparency and obtain feedback. We work hard to earn the trust of our stakeholders through a robust program of engagement.

  • For the past several years, we have been actively engaging with our shareholders in order to obtain feedback on our executive compensation program, including inviting holders of an aggregate of nearly 70% of our common shares to speak with the chairperson of our Compensation Committee
  • Senior Management and Investor Relations conduct investor road trips and one-on-one visits with shareholders to discuss our performance and gain insight into the issues they care about
  • Investor Relations regularly fields calls and emails from shareholders and policyholders
  • We sponsor seminars, conferences and social events where our Public and Structured Finance professionals, as well as senior management and Investor Relations, meet with issuers and investors to respond to questions and receive ideas
  • We participate in industry groups and trade associations and join in the conversations about policies that affect our business
  • Members of our Regulatory group are in contact with the insurance departments and regulatory bodies in the many jurisdictions where we are licensed to do business and respond to their requests for information
  • Each quarter, following our earnings call, our CEO and CFO hold a town-hall style meeting for all employees where they provide an update on the Company’s performance, acknowledge the contributions made by employees to the continued success of the business and answer questions
  • In 2017, the AGL Board members came to our New York headquarters solely for the purpose of meeting the New York personnel. The social event, which is planned again for 2019, provided employees the occasion to speak to Board members in person, and provided Board members an opportunity to personally express their gratitude for the collective efforts of everyone on our team.


An important part of Assured Guaranty’s commitment to improving the communities we serve is by helping to lower the cost for local, state and sovereign governments to fund vital infrastructure projects. For example, we guarantee financings that benefit public and private school system, universities, teaching hospitals and medical institutions throughout the United States and the United Kingdom.

Assured Guaranty also believes in giving back – in strengthening our communities through corporate philanthropy, volunteering, and encouraging employees to contribute to the causes they care about. The Company sets the example for giving by donating directly to many worthy causes and also matching employee contributions. We undertake corporate level philanthropic initiatives throughout the year and sponsor events that enable our employees to participate in fund-raising and community outreach activities.
Below are some of the activities employees and the Company work together on that express our strong commitment to the importance of giving back.

Promoting Education

In addition to educational advancement programs for its employees, Assured Guaranty maintains a strong commitment to the education of future business leaders, members of the larger municipal bond industry and, through our outside efforts, within our immediate communities and communities in need.

Examples of the ways Assured Guaranty promotes education more generally and outside of our organization include:

  • Assured Guaranty sponsors and teaches at the Municipal Bond School run by the Municipal Bond Club of New York, which provides a forum for education and charitable giving and promotes an atmosphere of fellowship and integrity among its members
  • We participate in the Urban Leadership Fellows (ULF) Program run by the Municipal Forum of New York, where talented young people from underserved communities are introduced to the municipal securities industry
  • We contribute to a number of education-related charities through our Matching Gifts, Jeans for Charity and Holiday Card Initiative

Internship Program

Each year, Assured Guaranty sponsors a Summer Intern program designed to give college students an opportunity to experience working in a corporate environment. Interns have the opportunity to gain valuable work experiences in departments throughout the Company and to be mentored by experienced professionals. The Company also hosts a series of internal seminars to educate interns on the fundamentals of the bond insurance industry.

Philanthropy and Matching Gifts

In support of our commitment to philanthropy, Assured Guaranty matches 100% of its employees’ and Board members’ donations to causes that meet our criteria for charitable contributions, up to an approved amount, aiding our employees in making meaningful contributions to the organizations that they wish to support.

Natural Disaster Relief

2017 and 2018 brought a number of devastating hurricanes. As part of our commitment to strengthening communities by contributing to those in need, Assured Guaranty provided resources to help victims of the hurricanes we witnessed in the Carolinas, Florida, Houston, Puerto Rico and the U.S. Virgin Islands. We worked with local and national charities to provide aid to those affected by the storms. As a financial guarantor, we have been helping finance municipal projects in these locations for decades, so we feel a particular connection to the people and places. We also responded to the devastating wildfires in California in 2018 and, a few years earlier, to the 2013 typhoon in the Philippines, the 2015 earthquake in Nepal and the 2016 earthquake in Haiti by raising funds for those relief efforts. When natural disasters occur, we pitch in to help these areas recover by supporting the relief efforts.

Amanda Meehan from Assured Guaranty presents a financial donation to St. Croix Foundation’s Board Chair, Willard John at the Foundation’s Office on Wednesday, June 20, 2018 (Courtesy of the St. Croix Foundation).

Assured Guaranty donation to the Community Foundation of the Virgin Islands, June 2018 (Courtesy of The St. Thomas Source, U.S. Virgin Islands). From left, Brittany Brin Robinson, CFVI communications manager; Dee Baecher-Brown, CFVI president; Amanda Meehan, Assured Guaranty assistant vice president of public finance surveillance; Karen Hofstein, Assured Guaranty managing director of public finance surveillance; Valery Marfitsin, Assured Guaranty director of public finance surveillance

Jeans for Charity

Our Jeans for Charity program, which employees of the Company created and continue to manage, is a great example of employee engagement in our philanthropic efforts. Each month, our employees select a worthy charity to contribute to and assign a day to do a fund-raising drive. Employees are invited to wear jeans that day as part of the contribution drive efforts. The Company matches employee contributions and together we have donated to a variety of worthy causes, which include:

     - Antinanco Earth Arts School
     - Bideawee Animal Welfare Organization
     - Citimeals-On-Wheels
     - Covenant House
     - The DigDeep Right to Water Project
     - Education Through Music
     - Foundation for the Carolinas – Hurricane Florence Response Fund
     - Grand Central Food Program (GCFP)
     - Ice Hockey in Harlem
     - Pancreatic Cancer Action Network (PanCAN)
     - Road Safe America
     - Robin Hood Foundation
     - Winthrop’s Cancer Center for Kids (CCK)
     - World Central Kitchen

Holiday Card Initiative

Every holiday season, Assured Guaranty’s President and CEO, Dominic Frederico, encourages all employees to submit the names of charities that are meaningful to them, from which the Company selects two or three to receive sizeable donations. The selected charities typically provide services in a direct, hands-on way to the people they serve and are small enough for our donation to have a real impact. We announce the charities in our yearly greeting “card” to clients, which is an emailed animation; Assured Guaranty forgoes the printing and mailing of greeting cards during the holiday season both to help fund the charitable contributions and for environmentally friendly reasons.

In 2017 and 2018, Assured Guaranty made holiday donations to the following charities:

  • The Drew O'Donoghue Fund: The fund was created to help those who suffer from adrenocortical cancer (ACC), a very rare and terminal aggressive cancer that strikes about 1,000 people a year in the U.S., including Drew O’Donoghue, who passed away at the age of 22 after a year-long battle with ACC.
  • Capital Good Fund: The fund is a non-profit, certified Community Development Financial Institution that helps people with their finances. With a mission to create pathways out of poverty through equitable financial services, the fund offers families small loans and personalized financial and health coaching.
  • Melissa's Wish: Helps to relieve the financial burden of Long Island, New York caregivers serving people afflicted with serious illnesses, injuries or end-of-life events, by providing short term, non-medical, financial aid in the form of a grant.
  • Demelza Hospice Care for Children: Demelza Hospice Care for Children provides specialist care and support for seriously ill children, young people and their families across East Sussex, Kent and South East London in the United Kingdom, and also helps families cope with the challenges and complexities of having a seriously ill child.
  • Visions - Services for the Blind and Visually Impaired: Visions provides services for the blind and visually impaired, including employment, counseling and individual and group rehabilitation services in the greater New York City area. It strives to help blind and visually impaired people of all ages lead independent and self-sufficient lives, educate the public about their needs and capabilities, provide support for families and unpaid caregivers and increase group and community education and activities for the blind and severely vision-impaired community.

Charitable Sponsorships

Assured Guaranty and its officers also sponsor tables at a number of philanthropic events, including:

  • 9/11 Memorial & Museum Benefit Dinner
  • 16th Annual Jefferson Gala (Jefferson Health)
  • A Fun Night For Our Parkinson’s Fight
  • National Museum of Jewish History – 2018 Only in America Gala
  • Self Help Africa (SHA) – Change-Makers Ball
  • Tourette Association of America
  • Her Justice

Employee Volunteering

Throughout the year, Assured Guaranty employees choose to volunteer for many and different causes. Below are a few examples that demonstrate our commitment to giving back by sharing a very valuable resource – our time.

New York Cares Day for Schools:Assured Guaranty employees participate in New York Cares Day as part of our commitment to education. Volunteers donate their time cleaning and helping better organize local schools in order to help create a safer learning environment for New York City students where they can develop and grow. New York Cares shares our belief that education, and the state of a students' learning environment, is fundamental to enrichment and opportunity.

Cycle for Survival:Cycle for Survival, jointly run by Memorial Sloan Kettering Hospital and Equinox Gym, raises money to beat rare cancers, which make up about half of all people fighting cancer. Every dollar raised is directly allocated to rare cancer research at Memorial Sloan Kettering Cancer Center. Assured Guaranty employees have participated annually in the events, which entail raising funds and an evening of cycling.

In-Kind Donations

Assured Guaranty Coat & Clothing Drive. For the past several years, Assured Guaranty employees have participated in local clothing, toy and food drives sponsored by the management of our New York office building. In addition to supporting local efforts, in January 2019, Assured Guaranty hosted its first annual coat and clothing drive in our own offices.

Technology. In the spirit of giving and reusing, our Information Technology department donates retired technology equipment to deserving charities whenever it is practicable and possible to do so in a manner which does not compromise the integrity of our information security systems.

Data Security and Privacy

Like most organizations, Assured Guaranty relies on digital technology to conduct its businesses and interact with market participants and vendors. With this reliance on technology comes the associated security risks from using today’s communication technology and networks. To defend Assured Guaranty's computer systems from cyberattacks, the Company uses tools such as firewalls, anti-malware software, multifactor authentication, e-mail security services, virtual private networks, third-party security experts, and timely applied software patches, among others. Awareness and alertness are important components of Assured Guaranty’s cybersecurity program; the Company regularly provides employees with cybersecurity training and phishing exercises designed to educate employees about best practices and help them identify and avoid potential threats. The Company also engages third-party consultants to conduct penetration tests to identify any potential security vulnerabilities. Given the ongoing proliferation of viruses and malware, the Company continually monitors its computer networks for new types of threats.

Assured Guaranty’s business operations also rely on the continuous availability of its computer systems; the Company maintains and tests its business continuity plan and reports on the results to senior management.

The Board of Directors oversees the risk management process, including cybersecurity risks, and engages with management on risk management issues, including cybersecurity issues. The Audit Committee of the Board of Directors has specific responsibility for overseeing information technology matters, including cybersecurity risk, and the Risk Oversight Committee of the Board of Directors addresses cybersecurity matters and vendor management as part of its enterprise risk management responsibilities.

Assured Guaranty also protects itself against risks associated with third party vendors who have access to confidential information or provide business critical functions. Through its Vendor Management Program, the Company screens these third party vendors to assess their data security protocols both prior to initial engagement and periodically thereafter for compliance with the program standards.

The Company and its subsidiaries are subject to numerous laws and regulations of a number of jurisdictions regarding its information systems, particularly with regard to personally identifiable information. Assured Guaranty is committed to protecting personal data and respecting personal privacy. Assured Guaranty’s Privacy Policy explains the type of information that Assured Guaranty collects from its websites and how we will use it. Assured Guaranty’s Security policy provides important information about internet fraud.

Risk Management

The Company has an enterprise risk management framework in place, which operates under the direction of the Risk Oversight Committee of the Board of Directors that is responsible for overseeing that all of the Company’s material risks, including credit, liquidity, market, reputational and operating risk, are effectively identified, assessed, monitored, managed and reported to management and the Board. The framework seeks to ensure that risks to the business are appropriately managed to achieve the Company’s business strategy and objectives over time, and our risk management protocols and programs are embedded in our business practices. The key components of the framework are the Risk Register, the Risk Appetite Statement and the Own Risk & Solvency Assessment.