Assured Guaranty Corp. Appoints Lorne Potash as Director in its Structured Credit 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 Lorne Potash as Director in AGC's Structured Credit Group. Mr. Potash will focus on AGC's structured credit and structured insurance businesses and will report to Paul Livingstone, Managing Director of the 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. Livingstone commented, "Assured Guaranty is well positioned in the structured credit and structured insurance markets and continues to build momentum. Lorne is a proven contributor and he will contribute greatly to our continued growth in these markets." Mr. Potash joins Assured Guaranty Corp. from Ambac Assurance Corp., where he was a Vice President in the Commercial Asset-Backed Securities group. In this capacity, he was responsible for originating and negotiating securitizations and leveraged lease commercial asset-backed security transactions, including aircraft and railcars. Prior to his position at Ambac, he was a Director in the Global Structured Finance group at Andersen Corporate Finance, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control where he arranged and advised lessees on various big-ticket leasing transactions, including energy assets and real estate in the U.S. and Europe. Mr. Potash is a CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. (R) charterholder and a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . He graduated from the Ivey School of Business Administration at the University of Western Ontario Western is one of Canada's leading universities, ranked #1 in the Globe and Mail University Report Card 2005 for overall quality of education.[2] It ranked #3 among medical-doctoral level universities according to Maclean's Magazine 2005 University Rankings. . Assured Guaranty Corp. is a leading provider of financial guaranty insurance in the U.S. and international public finance, structured finance and mortgage-backed securities markets. Assured Guaranty Corp.'s underwriting experience combined with its financial strength makes 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 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 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 Company's forward-looking statements, including its statements regarding the expansion of structured credit and structured insurance business, could be affected by a significant reduction in the amount of reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. ceded by one or more of our principal ceding companies, rating agency action such as a ratings downgrade, difficulties with the execution of the Company's business strategy, contract cancellations, developments in the world's financial and capital markets, more severe or frequent losses associated with products affecting the adequacy of the Company's loss reserve, changes in regulation or tax laws, governmental actions, natural catastrophes, the Company's dependence on customers, decreased demand or increased competition, loss of key personnel, technological developments, the effects of mergers, acquisitions and divestitures, changes in accounting policies or practices, changes in general economic conditions, other risks and uncertainties that have not been identified at this time, management's response to these factors, and other risk factors identified in the Company'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. The Company 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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