For help determining which Assured Guaranty company guaranteed your municipal bonds, please review the information below. If you need additional assistance, please contact Investor Relations.
AGM, formerly known as Financial Security Assurance Inc., is a New York-domiciled financial guaranty insurer headquartered in New York. AGM has operated since 1985 and insured U.S. municipal new issues since 1990. If your Assured Guaranty bond identifies “FSA” or “AGM” as the insurer, then you should review financial information on AGM. If you do not know the name of the insurer but your bond was issued prior to 2004, it was probably insured by AGM. You can confirm the insurer via Bloomberg, in the Electronic Municipal Market Access database at emma.msrb.org or with your broker or investment advisor.
AGC is a Maryland-domiciled financial guaranty insurer headquartered in New York. AGC was originally formed as a reinsurer and began insuring new issue U.S. municipal bonds in 2004. If your Assured Guaranty bond identifies “AGC” or “Assured Guaranty Corp.” as the insurer, then you should review financial information on AGC. If you do not know the name of the insurer but your bond was issued prior to 2004, it was probably insured by AGM, not by AGC. You can confirm the insurer or your bond via Bloomberg, in the Electronic Municipal Market Access database at emma.msrb.org or with your broker or investment advisor.
In January 2009, CIFG and AGC entered into a reinsurance transaction whereby AGC provides reinsurance to CIFG with respect to certain U.S. public finance and infrastructure policies. CIFG and AGC also agreed that they would use commercially reasonable efforts to novate the policies to AGC. Novation gives bondholders the direct protection of AGC’s claims-paying resources. In April 2011, CIFG began sending requests to the issuers of insured obligations (or to the applicable trustee of the bondholders) seeking the necessary consents for the novation of the covered policies. For more information, including a list of policies that have been or may be novated,see www.assuredguaranty.com/novation.
