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

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.

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.

Assured Guaranty widened its lead in the municipal bond insurance industry in 2017 in terms of both par and the number of transactions insured, exceeding 58% of all insured new-issue par while guaranteeing 51% of the insured transactions. Our primary market insured par for the year was $13.5 billion generated from 833 small, medium and large transactions.

With an increasing number of institutional investors placing greater value on our guaranty, we were able to provide more than $100 million of bond insurance for each of 23 large new issues, including seven in the month of December alone, the most we insured in any single month since 2009. We also insured more than 800 primary market transactions of lesser size, including nearly 400 bank-qualified transactions for issuers who sold less than $10 million of bonds during the year. In aggregate, our primary and secondary market activity totaled $15.2 billion for the year.  

Contact Information

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

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