Assured Guaranty Ltd. went public in April 2004 with an initial public offering of 49 million shares at a price of $18.00 a share. Our U.S. holding company, Assured Guaranty US Holdings Inc. (AGUS), also issued $150 million of 7.0% senior notes due 2034 at that time. Assured Guaranty Ltd. has guaranteed debt issuances by AGUS and also by AGM’s holding company, Assured Guaranty Municipal Holdings Inc. (AGMH), which we acquired in July 2009. For a complete list of debt securities issued by Assured Guaranty and links to information about each, see our Debt webpage. Together with its subsidiaries, we refer to Assured Guaranty Ltd. as Assured Guaranty.
Assured Guaranty insures and reinsures U.S. municipal bonds, international infrastructure transactions and structured financings. Direct financial guarantees are written primarily by AGM and AGC, while AG Re is primarily a reinsurance company for Assured Guaranty companies or unaffiliated financial guarantors.