NEW YORK-(Business Wire)-April 10, 2007 - Assured Guaranty Corp. ("Assured"), a subsidiary of Assured Guaranty Ltd. (NYSE:AGO) (the "Company"), has appointed Jeffrey Nabi as Managing Director of the Consumer and Mortgage-Backed Securities Group. His responsibilities include leading Assured's businesses that focus on underwriting financial guarantees and credit enhancement for residential mortgages, consumer autos and leases, student loans and credit cards, as well as the Assured's commercial mortgage-backed business. He is also responsible for overseeing Assured's activities in structured finance and asset-backed securities secondary markets and Assured's relationships with structured finance fixed income investors.
"We are excited to have Jeff on board," said Mike Schozer, President of Assured. "As one of the leading mortgage professionals in our industry, he brings extensive experience and numerous relationships that will assist our team in continuing to expand our presence in the consumer and mortgage-backed markets."
Mr. Nabi joins Assured from Ambac Assurance Corp. ("Ambac"), where he was Managing Director of Ambac's Consumer Asset-Backed Securities Group. In this role, he led the team responsible for underwriting and transacting mortgage-related, manufactured housing, credit card, consumer loan, auto loan and lease, rental car fleet, and other consumer-related securitizations. Prior to joining Ambac in 1997, Mr. Nabi was an Assistant Vice President in the Residential Mortgage Group at Financial Security Assurance Inc. Mr. Nabi was also an Associate at Deloitte & Touche in the Financial Products Group and a Consulting Analyst in the Public Finance Department of Goldman Sachs & Co.
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. is licensed in 49 states, the District of Columbia and Puerto Rico.
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 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 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 the consumer and mortgage-backed securities business, could be affected by a significant reduction in the amount of reinsurance 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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