Assured Guaranty
Assured Guaranty Web Site
Back to Directory   


 
  News Releases

Assured Guaranty (ticker: AGO, exchange: New York Stock Exchange (.N)) News Release - 26-Jan-2010

John Trahan Named Managing Director, Southern Region for Assured Guaranty Family of Companies

HAMILTON, 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
bcastenir@assuredguaranty.com
or
Ashweeta Durani, Vice President, Corporate Communications, 212-408-6042
adurani@assuredguaranty.com