As previously announced today by Assured Guaranty Ltd. ("Assured”)
(NYSE:AGO), Sean W. McCarthy has agreed to assume the position of
President and Chief Operating Officer of Assured Guaranty US Holdings
Inc. Assured has exchanged Mr. McCarthy's deemed investment in 22,306
share units of Financial Security Assurance Holdings Ltd. ("FSA
Holdings”) under a FSA Holdings nonqualified deferred compensation plan
for a deemed investment in 130,000 Assured share units. The Assured
share units will ultimately be distributed to Mr. McCarthy as a
corresponding number of Assured common shares at the time he receives a
distribution from such nonqualified deferred compensation plan.
Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating
subsidiaries provide credit enhancement products to the U.S. and
international public finance, structured finance and mortgage markets.
Any forward-looking statements made in this press release reflect
Assured’s current views with respect to future events and financial
performance 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. For example,
Assured’s forward-looking statements, including its statements regarding
financial strength and growth opportunities, could be affected by a
rating agency action, such as a ratings downgrade, difficulties with the
execution of Assured’s business strategy, contract cancellations,
developments in the world's financial and capital markets, more severe
or frequent losses associated with products affecting the adequacy of
Assured’s loss reserve, impact of market volatility on the marking to
market on our contracts written in credit default swap form, changes in
regulation or tax laws, governmental actions, natural catastrophes,
Assured’s dependence on customers, decreased demand or increased
competition, loss of key personnel, technological developments, the
effects of mergers, acquisitions and divestitures, changes in accounting
policies or practices, changes in general economic conditions, 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’s filings with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the dates on which
they are made. Assured undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.