Assured's

On Dec. 21, Sean McCarthy , Assured's chief operating officer and chairman of the Association of Financial Guaranty Insurers, testified before the state Assembly's Standing Committee on Insurance that some originators of these deals "may have committed insurance fraud by knowingly misrepresenting the quality of residential mortgage loans underlying securitizations in order to obtain financial guaranty insurance."

New York Reviewing Fraud Claims by Bond Insurers Katy Burne 2010

Mr. Havens said the company's fund-raising, if successful, could bolster Assured's financial position.

Assured Guaranty Says It Will Sell Stock 2009

Assured said it will also offer $150 million of "equity units" that will give holders an interest in debt securities that will convert into Assured's common stock in the future.

Assured Guaranty Says It Will Sell Stock 2009

Assured's capital-raising plans are "a credit 'green shoot' if ever there was one," said David Havens, managing director of Hexagon Securities, a boutique investment bank in New York.

Assured Guaranty Says It Will Sell Stock 2009

Chief Executive Dominic Frederico said, "Although this quarter we achieved the highest new business production for our direct segment in Assured's history, which shows a strong demand for our financial guaranties, we further downgraded some U.S. (residential mortgage-backed-securities) RMBS exposures, in particular those related to home-equity lines of credit, which generated loss reserves that offset our operating income in the quarter."

Bond Insurers Report Losses 2008

Moody's said, "Assured's conservative underwriting strategy has resulted in a generally high-quality and well-diversified insurance portfolio, although single-risk concentrations are notably higher than the industry average."

Moody's Affirms Assured Ratings 2008

The firm noted that Assured's nearly $40 billion in exposure to pooled corporate debt obligations "are manageable."

Moody's Affirms Assured Ratings 2008

"If they lose that case, then our certainty of getting reimbursed becomes a lot higher," Dominic Frederico, Assured's chief executive officer, said in an interview.

BusinessWeek.com -- Top News 2011

Assured's municipal-bond insurance subsidiary is rated AA+ by

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Rapp, Assured's lobbyist, met with state consultants assigned to craft a recovery plan for the city, with administration officials, and with Corbett himself at the governor's residence in May, according to redacted e-mails obtained by citizen group Debt Watch Harrisburg in a records request.

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