AG is our principal financial guarantor for structured finance obligations.

Assured Guaranty Inc. (AG) underwrites guarantees for structured financings, such as securitizations of pools of commercial loans, life insurance portfolios and consumer and commercial receivables, in the U.S. and non-U.S. capital markets. It also offers credit enhancement tools for the fund finance market and custom financial guaranty products to optimize capital utilization for institutions’ asset portfolios. Additionally, it maintains a significant insured portfolio of U.S and non-U.S. public finance transactions. AG has been operating since 1988 and was named Assured Guaranty Corp. (AGC) until May 2024. AG is domiciled in Maryland with headquarters in New York.

AG acquired Radian Asset Assurance Inc. (Radian Asset) on April 1, 2015 and CIFG Holding Inc., the parent of financial guaranty insurer CIFG Assurance North America, Inc. (CIFG) on July 1, 2016.  Both Radian Asset and CIFG merged with and into AG, with AG as the surviving company.  Bonds insured by both acquired companies have therefore become insured obligations of AG and are supported by AG’s claims-paying resources. AG also acquired CIFG’s European subsidiary, CIFG Europe S.A.

AG also acquired MBIA UK Insurance Limited on January 10, 2017, changed its name to Assured Guaranty (London) Ltd. (AGLN), and maintained AGLN as a separate subsidiary until selling it to AGM as described below.  AGLN was re-registered as a public limited company (plc) on June 1, 2017.  For more information on AGLN, see Answers to Questions About AGC's Acquisition of MBIA UK Insurance Limited.

On June 26, 2017, AG sold AGLN, CIFG Europe and its other direct European subsidiary, Assured Guaranty (UK) Ltd., to AGM, which contributed them to Assured Guaranty UK Limited.

Bonds insured by AG, including those originally insured by Radian Asset or CIFG, are obligations of AG solely, and are not obligations of, or guaranteed or otherwise supported by, Assured Guaranty Ltd. or any of its other subsidiaries.

On July 8, 2024, Assured Guaranty announced the expected merger of AGM into Assured Guaranty Inc. (AG). The effective date of the merger is expected to be August 1, 2024. Upon effectiveness of the merger, by operation of law, AGM-insured securities will become guaranteed obligations of AG, a larger combined company. AGM’s subsidiaries Assured Guaranty UK Limited (AGUK) and Assured Guaranty (Europe) SA (AGE) will become subsidiaries of AG and continue to operate as they did previously. Any obligations of AGM with respect to AGUK or AGE financial guarantees will become obligations of AG.

In addition, AG entered into agreements with the Woodbourne Capital Trusts, which issued committed capital securities to institutional investors. The Woodbourne Capital Trusts granted AG put options that, if exercised, would require each trust to liquidate a portion of its assets in order to purchase AG preferred stock.  

Certain AG-insured bonds that were not previously rated by S&P received S&P Ratings on January 13, 2017 at AG's request and cost (see press release and list of affected transactions). 

For additional information or questions about AG, please contact Investor Relations.