Assured Guaranty Re Ltd. Jun 11
- ID: 1823747
- June 2011
- Standard & Poors
Strategic relationship with sister companies Assured Guaranty Corp. and Assured Guaranty Municipal Corp. Well capitalized, with a strong margin of safety. Consolidated group's underwriting focus on the low-risk U.S. public finance market. Limited business growth prospects, in our view, because bond insurance has become a niche product and we consider a resurgence of the sector unlikely. Susceptibility to continued adverse loss development of U.S. nonprime residential mortgage exposure. The 'AA' financial strength rating on Assured Guaranty Re Ltd. (AG Re) reflects Standard & Poor's Ratings Services' view of AG Re's strategic relationship with 'AA+' rated sister companies Assured Guaranty Corp. (AGC) and Assured Guaranty Municipal Corp. (AGM), as well as AG Re's strong capital position. AGC's and AGM's market share...
Companies mentioned in this report are: Assured Guaranty Re Ltd.
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