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Assured Guaranty Re Ltd.
Standard & Poors, June 2007
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 AG Re. AG Re's strategic relationship with 'AAA' rated sister company Assured Guaranty Corp. (Assured) should provide it with a source of ongoing, diversified, investment-grade reinsurance business. Assured's business plan anticipates generally ceding about 30% of its gross par written to AG Re. AG Re also benefits in technical and administrative assistance from Assured. AG Re'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 at Dec. 31, 2006, was $741 million, and the...
Companies mentioned in this report are: Assured Guaranty Re Ltd.
Action: Affirmed
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