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Assured Guaranty Re Ltd.
Standard & Poors, July 2006
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Abstract
Assured Guaranty Re Ltd. and its subsidiaries Assured Guaranty Re Overseas Ltd. and Assured Guaranty Mortgage Insurance Co. are collectively known as AGRe. The company's strategic relationship with 'AAA' rated sister company Assured Guaranty Corp. (AGC) should provide it with a source of ongoing, diversified investment-grade reinsurance business. AGC's business plan anticipates ceding about 33% of its annual gross par written to AGRe. AGRe also benefits from technical and administrative assistance from AGC. AGRe's ability to offer facultative reinsurance capacity to the primary bond insurers is an additional source of business that will help in terms of diversity and economies of scale. Statutory capital for the company as of Dec. 31, 2005, was $691 million, and the company's margin of...
Companies mentioned in this report are: Assured Guaranty Re Ltd.
Action: Review
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