Assured Guaranty Corp. Appoints Dan Bevill as Managing Director in the Structured Credit and CDO Group.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Assured Guaranty Corp. (AGC AGC Automatic Gain Control AGC Automotive Glass Cartridge (fuse) AGC Associated General Contractors AGC Associated General Contractors of America AGC Atypical Glandular Cells AGC Attorney-General's Chambers ), a subsidiary of Assured Guaranty Ltd. (NYSE NYSE See: New York Stock Exchange :AGO), is pleased to announce the appointment of Dan Bevill as Managing Director in AGC's Structured Credit and CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the Group. Mr. Bevill will be responsible for AGC's structured credit and structured insurance businesses and will report to Paul Livingstone, Managing Director and Head of the Structured Credit and CDO Group. Mr. Bevill joins AGC from Ambac Financial Group Ambac Financial Group (NYSE: ABK) is an American Insurer of bonds, including municipal bonds. Ambac Financial Group, Inc. (NYSE: ABK) is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both where he was a Managing Director and head of their structured insurance group. While in this capacity, Mr. Bevill was integral in the development of their structured insurance business and completed various structured finance transactions for insurance company clients, including XXX/AXXX financings, embedded value Embedded Value A common valuation measure used outside North America particularly in the insurance industry. It is calculated by adding the adjusted net asset value and the present value of future profits of a firm. monetizations, premium financings, and insurance regulatory capital relief. Mr. Bevill is a graduate of Washington & Lee University and has held a variety of underwriting positions in the insurance industry throughout his career. Paul Livingstone, Head of the Structured Credit and CDO Group commented, "AGC is well positioned in the structured credit and structured insurance markets and continues to build momentum. Dan is recognized as a leader in these growing markets and will enhance our strong position." AGC is a leading provider of financial guaranty insurance in the U.S. and international public finance, structured finance and mortgage-backed securities Mortgage-backed securities (MSBs) Securities backed by a pool of mortgage loans. markets. AGC's underwriting experience combined with its financial strength make it the innovative financial guaranty partner of choice for issuers, investors and broker/dealers. Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating subsidiaries provide credit enhancement Credit Enhancement A method whereby a company attempts to improve its debt or credit worthiness. Notes: Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing products to the U.S. and international public finance, structured finance and mortgage markets. More information can be found at http://www.assuredguaranty.com. Any forward-looking statements made in this press release reflect the Company's current views with respect to future events and financial performance and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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, the forward-looking statements concerning potential business in the structured credit and structured insurance markets could be affected by demand, competition and regulatory action. The forward looking statements also could be affected by rating agency action such as a ratings downgrade, difficulties with the execution of the business strategy, developments in the world's financial and capital markets, more severe losses or more frequent losses associated with products affecting the adequacy of the company's loss reserve, changes in tax laws, loss of key personnel, changes in accounting policies or practices, and changes in general economic conditions, as well as management's response to these factors, and other risk factors identified in Assured Guaranty Ltd.'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 Guaranty Ltd. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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