U.S. Public Finance

Assured Guaranty is the leading provider of municipal bond insurance in the United States.

Our municipal credit enhancement products include:

  • Municipal bond insurance policies covering principal and interest, for both new issues and those already trading in the secondary market
  • Surety policies that take the place of cash-funded reserves in municipal bond transactions
  • Specialized financial guaranty policies, such as swap sureties guaranteeing a municipal issuer’s obligations under a swap agreement with a broker-dealer

We guarantee a wide range of municipal bond types supported either by tax revenues or revenues from essential public projects or services. We insure both tax-exempt and taxable municipal bonds, such as Build America Bonds.

While we have three platforms – AGM, insuring only public finance transactions, MAC, insuring only U.S. municipal bonds in select categories, and AGC, a diversified provider -- we are one team, applying a uniform underwriting standard and dedicated to the highest level of customer service. In addition to our large municipal bond insurance department in our New York headquarters, we maintain a fully staffed western regional office in San Francisco.

During 2014, new municipal bond issues totaling more than $10.7 billion in par amount were sold with Assured Guaranty bond insurance, 43% more than in the prior year.  Assured Guaranty also provided over $900 million of municipal bond insurance in the secondary market.

The 592 issues sold with Assured Guaranty insurance in the first half of 2015 had a total par insured of $8.7 billion, which is 124% higher than the par amount sold with our insurance in the first half of 2014 and represents a 61% share of the insured new-issue market.  Additionally, Assured Guaranty provided more than $400 million of insurance in the secondary market.

Second Quarter 2015 Transaction List  

Contact Information

  • William J. Hogan
  • Senior Managing Director
  • 212 408 6006
  • Email

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