Assured Guaranty Ltd. · Hamilton Bermuda ·(NYSE: AGO)
Company Description
View Assured Guaranty Ltd. Locations On A US Map
This link will open in a new window
This link will open in a new window Assured Guaranty brings some certainty to the risky world of investing. The Bermuda-based holding company provides financial guaranty insurance and reinsurance, as well as mortgage guaranty coverage, through its operating subsidiaries. Products include guaranties for municipal finance, structured finance, and corporate bonds. Subsidiary Assured Guaranty Corp. is licensed in 49 US states, plus the District of Columbia and Puerto Rico; Assured Guaranty (UK) writes insurance in the UK and other European markets. The company provides financial guaranty reinsurance through Assured Guaranty Re. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Assured Guaranty Ltd. Financials
| Company Type | Public - NYSE: AGO Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $553.2 |
| 2008 Employees | 160 |
Assured Guaranty Ltd. Executives
39 executives listed for Assured Guaranty Ltd.'s Hamilton, location.
| Title | Name & Bio | Contact |
| Chairman | Walter Scott | Network |
| President, CEO, and Director | Dominic Frederico | Network |
| CFO | Robert Mills | Network |
Competition
Competitive Landscape for Assured Guaranty Ltd.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Assured Guaranty Ltd. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!