Assured Guaranty (ticker: AGO, exchange: New York Stock Exchange (.N))
News Release -
John Trahan Named Managing Director, Southern Region for Assured
Guaranty Family of CompaniesHAMILTON, Bermuda, Jan 26, 2010 (BUSINESS WIRE) -- Assured Guaranty Ltd. (NYSE:AGO), the holding company for direct bond
insurers Assured Guaranty Corp. ("AGC") and Assured Guaranty Municipal
Corp. ("AGM"), today announced that John Trahan has been named Managing
Director, Southern Region for AGC and AGM. He reports to Bill Hogan,
Senior Managing Director, Municipal Finance of AGC and AGM.
"We've named John to this position to broaden our coverage of the
southern region, as well as to enhance our service to customers in these
states," said Mr. Hogan. "Having served in both marketing and
underwriting positions since joining AGC in 2006, John has developed
strong relationships in this region."
Prior to joining AGC, Mr. Trahan was a director in the Public Finance
Group at BNP Paribas in New York City, where he was responsible for
business development and underwriting for municipal transactions in the
eastern region of the United States. Before that, he held similar
positions at KBC Bank and CIBC World Markets Corp. in Los Angeles and
Sumitomo Bank and Texas Commerce Bank in Houston. He began his career as
an auditor for the Dallas office of PricewaterhouseCoopers.
Mr. Trahan holds a Bachelor's of Business Administration from Southern
Methodist University in Dallas, Texas.
Assured Guaranty Ltd. (together with its subsidiaries, "Assured
Guaranty") is a publicly traded Bermuda-based holding company. Its
operating subsidiaries provide credit enhancement products to the U.S.
and international public finance and structured finance markets. More
information on Assured Guaranty can be found at www.assuredguaranty.com.
Cautionary Statement Regarding Forward-Looking Statements:
Any forward-looking statements made in this press release reflect
Assured Guaranty'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 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, Assured Guaranty's forward-looking statements could be affected
by: (1) rating agency action, including a ratings downgrade at any time
of Assured Guaranty Ltd. or any of its subsidiaries and/or of
transactions insured by such subsidiaries, both of which have occurred
in the past; (2) developments in the world's financial and capital
markets that adversely affect issuers' payment rates, Assured Guaranty's
loss experience, its ability to cede exposure to reinsurers, its access
to capital, its unrealized (losses) gains on derivative financial
instruments or its investment returns; (3) changes in the credit
markets, segments thereof or general economic conditions; (4) more
severe or frequent losses affecting the adequacy of Assured Guaranty's
loss reserve; (5) the impact of market volatility on the mark-to-market
of its contracts written in credit default swap form; (6) reduction in
the amount of reinsurance facultative cessions or portfolio
opportunities available to Assured Guaranty; (7) decreased demand or
increased competition; (8) changes in applicable accounting policies or
practices; (9) changes in applicable laws or regulation, including
insurance and tax laws; (10) other governmental actions;
(11) difficulties with the execution of Assured Guaranty's business
strategy; (12) contract cancellations; (13) Assured Guaranty's
dependence on customers; (14) loss of key personnel; (15) adverse
technological developments; (16) the effects of mergers, acquisitions
and divestitures; (17) natural or man-made catastrophes; (18) other
risks and uncertainties that have not been identified at this time;
(19) management's response to these factors; and (20) other risk factors
identified in Assured Guaranty's filings with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance
on these forward-looking statements which are made as of January 26,
2010. Assured Guaranty undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE: Assured Guaranty Ltd.
Assured Guaranty Ltd.
Betsy Castenir, Managing Director, Corporate Communications, 212-339-3424
Ashweeta Durani, Vice President, Corporate Communications, 212-408-6042