Reinsurance News
Assured Guaranty
Assured Guaranty asset management arm acquired by Sound Point Capital
3rd July 2023
Assured Guaranty, a Bermuda-based holding company, has completed the business combination of Assured Guaranty’s asset management business with Sound Point, becoming a significant equity holder. As part of the transaction, Assured Guaranty has contributed its entire equity interest in Assured Investment Management LLC and, with certain AHP-related exceptions, its related asset ... Read the full article
Assured Guaranty sees improved net income in Q1
10th May 2023
Assured Guaranty, a financial guaranty insurer, has reported a net income of $81 million for the first quarter of 2023. The income figure represented an improvement on the $66 million the company recorded in the same period last year. Moreover, Assured Guaranty’s insurance segment’s adjusted operating income was $117 million for Q123, ... Read the full article
Sound Point Capital to acquire Assured Investment Management
5th April 2023
Sound Point Capital Management, LP, a credit-oriented investment manager, has entered into an agreement to acquire Assured Investment Management LLC and certain of its related asset management entities (Assured-IM), which conducts the institutional asset management business of Assured Guaranty Ltd. (together with its affiliates, Assured Guaranty). Once the acquisition is completed, ... Read the full article
Assured Guaranty divides business between London and Paris
19th March 2021
Financial guaranty insurer Assured Guaranty is expanding its footprint in Europe by issuing new financial guarantees through its French subsidiary, Assured Guaranty (Europe) SA (AGE). Additionally, Assured Guaranty’s UK financial guarantee subsidiary has been renamed Assured Guaranty UK Limited (AGUK) from Assured Guaranty (Europe) plc to reflect the shift of European ... Read the full article
Assured Guaranty in €342mn Spanish solar bond deal
24th February 2020
Assured Guaranty (Europe) SA (AGE SA), an indirect subsidiary of financial guaranty insurer Assured Guaranty, has entered into a financial guarantee transaction related to €342 million of solar bonds issued by Madrid-based asset manager Qualitas Equity. The deal guarantees principal and interest payments on the bonds, which were issued on February ... Read the full article
Assured Guaranty appoints Steven Kahn as Senior MD, Structured Finance
18th December 2019
Assured Guaranty Corp. (AGC), a subsidiary of financial guaranty insurer Assured Guaranty Ltd., has announced the appointment of Steven Kahn as Senior Managing Director, Structured Finance. He will lead the structured finance team alongside Managing Director Dan Bevill, who has been part of Assured Guaranty’s structured finance team for 15 years. Both ... Read the full article
Assured Guaranty finalises takeover of BlueMountain
2nd October 2019
Assured Guaranty, the financial guaranty insurer, has announced that its subsidiary, Assured Guaranty US Holdings Inc. (AGUS), has completed the acquisition of alternative asset management firm BlueMountain Capital Management, LLC. The deal closed on substantially the same terms as when it was originally announced in August 2019, for a purchase ... Read the full article
Assured Guaranty to acquire asset manager BlueMountain for $160mn
14th August 2019
Assured Guaranty, a financial guaranty insurer, has announced that its subsidiary Assured Guaranty US Holdings Inc. has reached an agreement to acquire all of the outstanding equity interests in BlueMountain Capital Management, LLC and its associated entities. The purchase price of the transaction is $160 million, subject to certain adjustments, and ... Read the full article
Hannover Re’s parent leads financing of Spanish PV solar parks
20th June 2019
Parent of reinsurance giant Hannover Re, The Talanx Group has been revealed as the lead investor for the financing of nine operational photovoltaic (PV) solar parks located in southwest Spain, with financial guarantee being provided by Assured Guaranty (Europe) plc (AGE). The financing further expands Talanx's sustainable investment activities and, the ... Read the full article
Syncora approved for reinsurance deal with Assured Guaranty
16th May 2018
Syncora Holdings has obtained regulatory approval from the New York State Department of Financial Services (NYDFS) for its proposed $13.5 billion reinsurance transaction with Assured Guaranty Corp., as well as for the related $400 million payment on the Syncora Guarantee Surplus Notes held by third party holders. The reinsurance transaction, Read the full article
Syncora Holdings enters $13.5bn reinsurance deal with Assured Guaranty
5th February 2018
Syncora Holdings' New York financial guarantee insurance subsidiary, Syncora Guarantee (SGI), has entered into a reinsurance framework agreement with Assured Guaranty Corp to help cap insured exposure on $13.5 billion of net par outstanding SGI-insured financial guaranty insurance policies. Under the agreement, Assured Guaranty will provide reinsurance generally on a 100% ... Read the full article
- ← Previous
- 1
- 2
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
