Insured Municipal

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.

Please Note:  Assured Guaranty Municipal Corp. (AGM) is expected to merge into Assured Guaranty Inc. (AG) in August 2024, with AG as the surviving company.  For more on the AGM/AG merger, follow these links:   
►  Press Release
►  Presentation       
►  Q&A

Assured Guaranty Municipal Corp. (AGM)

AGM is a New York-domiciled financial guaranty insurer headquartered in New York.  AGM has operated since 1985 (originally as Financial Security Assurance Inc., or FSA) 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 of 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.

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.

Assured Guaranty Inc. (AG) (formerly Assured Guaranty Corp., or AGC)

AG is a Maryland-domiciled financial guaranty insurer headquartered in New York.  AG was originally formed as a reinsurer and began insuring new issue U.S. municipal bonds in 2004.  Until May 2024, it was named Assured Guaranty Corp. (AGC).  If your Assured Guaranty bond identifies AG or AGC as the insurer, then you should review financial information of AG.  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 AG.  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.

Bonds Insured by Radian Asset and CIFG

If your bond documents name the insurer as Radian Asset Assurance Inc. or CIFG Assurance North America, Inc., your bonds are insured by AG, which acquired those companies in 2015 and 2016, respectively.  Each was merged with and into AG, so their insurance policies are now direct obligations of AG.