Assured Guaranty to merge its European subsidiaries
Bermuda-based Assured Guaranty has announced its plan to combine the portfolios and operations of its four international financial guaranty insurance companies.
The company stated that its European subsidiary Assured Guaranty Europe (AGE) has acquired the other three companies involved in the combination - Assured Guaranty London (AGLN), Assured Guaranty UK (AGUK) and CIFG Europe SA (CIFG EU).
Upon the merger, obligations and bonds insured by AGLN, AGUK and CIFG EU will become insured obligations of AGE and, therefore, receive AGE’s financial strength ratings. The transaction is expected to complete by the end of 2017.
The merger is subject to various insurance regulatory approvals, and authorisation from the UK High Court for the transfer of the AGUK and AGLN portfolios to AGE.
Use code "Save20" and to save 20% on selected tickets for for Intelligent InsurTECH Europe 2017 - Offer ends July 15th
Today’s stories
Starr Companies names domestic insurance CUO
Apple, Cisco push for cyber insurance discounts: Report
VIG CFO resigns, successor named
Sompo expands London presence with new A&H unit, appoints leader
Chubb appoints Sherman to lead North America management liability business
CNA Hardy taps Neon executive as head of cargo at Lloyd's
AXA Hong Kong appoints new CEO
Neon bolsters underwriting management with former AXA Art CEO
Insurtech Wefox integrates Munich Re-backed digital insurer One
Crawford & Company hires Zurich executive as global COO
RAA lobbies for corporate tax cut in US
XL Catlin to offer workplace violence insurance in US
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze