Assured Guaranty and Syncora Complete Reinsurance Transaction
Assured Guaranty Is Paid
The transaction totaled approximately
Additionally, on behalf of SGI, AGC is providing administrative services that include claims processing, surveillance, risk management services and certain other functions for the reinsured portfolio.
"We are pleased to have brought another legacy bond insurance portfolio onto the
The reinsured portfolio consists predominantly of public finance and infrastructure obligations that meet AGC's new business underwriting criteria, and it includes no
More information about the transaction can be found on assuredguaranty.com/syncora-policies
Cautionary Statement Regarding Forward-Looking Statements:
Any forward-looking statements made in this press release reflect Assured Guaranty’s current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. These risks and uncertainties include, but are not limited to credit deterioration of reinsured policies, administrative errors with respect to claim payments, and other risks and uncertainties that have not been identified at this time, management’s response to these factors, and other risk factors identified in Assured Guaranty’s filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20180601005473/en/
Robert Tucker, 212-339-0861
Senior Managing Director, Investor Relations and Corporate Communications
[email protected]
or
Ashweeta Durani, 212-408-6042
Vice President, Corporate Communications
[email protected]
Source:
Insurance relief measures for California fire victims yanked or gutted in Legislature
Patient Advocate Foundation Issues Statement on Virginia Medicaid Program
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News