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Assured Guaranty company history timeline

1988

January 1988 Capital Reinsurance Company, the predecessor to Assured Guaranty Corp. (AGC), began operations as a financial guaranty reinsurer.

1999

December 1999 ACE Limited acquired Capital Re Corp., the parent of Capital Reinsurance Company.

2003

August 2003 Assured Guaranty Ltd. was established to serve as the holding company for its insurance operating subsidiaries: AGC, Assured Guaranty Re Ltd. (AG Re) and Assured Guaranty Re Overseas Ltd.

December 2003 ACE Limited filed for an initial public offering (IPO) of Assured Guaranty Ltd..

2004

April 2004 Assured Guaranty Ltd. went public at a price of $18.00 per common share and was listed on the New York Stock Exchange under the ticker symbol AGO.

2006

December 2006 Assured Guaranty Ltd. purchased $150 million of its common shares from ACE Limited, financed by a $150 million issuance of junior subordinated debt

2007

October 2007 By obtaining its Wisconsin license, Assured Guaranty Corp. completed its licensing process in all 50 US states, Puerto Rico and the District of Columbia.

December 2007 AG Re reinsured an Ambac insured portfolio totaling $29 billion in par.

2008

April 2008 WL Ross & Co. purchased $250 million of Assured Guaranty Ltd. common shares.

November 2008 Assured Guaranty announced a definitive agreement to acquire Financial Security Assurance Holdings Ltd. (FSAH) and Financial Security Assurance Inc. (FSA), excluding FSAH’s financial products business.

2009

July 2009 After a successful offering of common shares and equity units, Assured Guaranty completed the acquisition of FSAH and FSA, thereby bringing under one roof the two financial guarantors that successfully navigated the global credit crisis.

2011

March 2011 Making it possible for the first time for market professionals to purchase municipal bond insurance on an electronic trading platform, AGM began offering insurance at TheMuniCenter

2013

July 2013 Assured Guaranty launched Municipal Assurance Corp. to insure only select categories of United States municipal bonds

2015

April 2015 AGC acquired Radian Asset Assurance Inc. from Radian Guaranty Inc., and merged Radian Asset with and into AGC, with AGC as the surviving company

2016

July 2016 AGC acquired the parent of financial guaranty insurer CIFG Assurance North America, Inc. (CIFG) and merged CIFG with and into AGC, with AGC as the surviving company

2017

MBIA UK was subsequently renamed Assured Guaranty (London) Ltd. (AG London). June 2017 Each of Assured Guaranty (Europe) Ltd., Assured Guaranty (London) Ltd. and Assured Guaranty (UK) Ltd. were re-registered as public limited companies.

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Assured Guaranty may also be known as or be related to ASSURED GUARANTY LTD, Assured Guaranty, Assured Guaranty Corp. and Assured Guaranty Ltd.