Key Developments: Assured Guaranty Ltd (AGO)
23.95USD
17 May 2013
$-0.01 (-0.04%)
$23.96
$24.04
$24.11
$23.91
1,074,153
2,021,548
$24.73
$11.17
Latest Key Developments (Source: Significant Developments)
Assured Guaranty Ltd Elects Robin Monro-Davies As Chairman
Assured Guaranty Ltd announced that Mr. Robin Monro-Davies has been elected Chairman of the Board of Directors; he replaces Mr. Walter Scott, who is retiring. Mr. Simon W. Leathes has been elected an independent director. Full Article
Assured Guaranty Ltd Announces Share Repurchase Authorization To $200 Million; Declares $0.10 Per Share Quarterly Dividend
Assured Guaranty Ltd announced a additional $115 million of repurchases of the Company`s common shares, restoring its current repurchase authorization to approximately $200 million. Since announcing a $200 million share repurchase program on January 18, 2013, the Company has repurchased shares and action effectively restores that authorization to substantially the full amount. The Company also declared a quarterly dividend of $0.10 per common share. The dividend is payable on June 5, 2013 to shareholders of record at the close of business on May 22, 2013. Full Article
Assured Guaranty Ltd To Receive At Least $358 Million In RMBS Settlement With UBS AG-DJ
Dow Jones reported that Assured Guaranty Ltd will receive at least $358 million in a settlement with UBS AG involving certain residential mortgage-backed securities transactions that the Company insured. The bond insurer sells insurance on debt obligations, including vehicles called variable-interest entities that allow financial firms to keep assets like mortgage-backed securities off their balance sheets. Under the settlement, which resolves all claims related to residential mortgage-backed securities, UBS also will reimburse Assured Guaranty for future losses under a collateralized loss-sharing reinsurance agreement to be put in place by the third quarter. Full Article
Assured Guaranty Ltd Sues Royal Bank of Scotland Group PLC Mortgage-Loan Securitization-DJ
Dow Jones reported that according to Bloomberg News, a unit of Assured Guaranty Ltd. (AGO) sued Royal Bank of Scotland Group PLC in federal court in New York over a mortgage-loan securitization. Full Article
Assured Guaranty Ltd Increases Quarterly Dividend By 11% To $0.10 per Common Share
Assured Guaranty Ltd announced that it has declared a quarterly dividend of $0.10 per common share, an increase of 11% from $0.09 per common share that was paid on December 5, 2012. The dividend is payable on March 7, 2013 to shareholders of record at the close of business on February 21, 2013. Full Article
Assured Guaranty Ltd Wins $90 Million Legal Ruling In Battle With Flagstar Bancorp Inc-DJ
Dow Jones reported that $90 million legal victory by Assured Guaranty Ltd. (AGO) against Flagstar Bancorp Inc. (FBC) over soured mortgages is signaling that bond insurers may prevail over home lenders in a thicket of battles over lax underwriting standards. The battle between Assured Guaranty and Flagstar is just one case in a web of lawsuits to stem from billions of dollars of mortgage-based bonds that soured in the wake of the financial crisis. Among the allegations Assured Guaranty leveled at Flagstar were that the loans the bank packaged into securities were ripe with defects and out of step with Flagstar's underwriting guidelines. According to Assured Guaranty, loans were made to borrowers with debts, or who stated their income at questionably high levels. U.S. District Judge Jed S. Rakoff concurred in a 103-page opinion issued, writing that Flagstar was notably unable to show actual instances where the loan files themselves did not contain material breaches of its guidelines. Full Article
Assured Guaranty Ltd Declares Quarterly Dividend Of $0.09 Per Common Share
Assured Guaranty Ltd announced that it has declared a quarterly dividend of $0.09 per common share. The dividend is payable on December 5, 2012 to shareholders of record at the close of business on November 21, 2012. Full Article
Assured Guaranty Ltd. Declares Quarterly Dividend of U.S. $0.09 Per Common Share
Assured Guaranty Ltd. announced that it declared a quarterly dividend of USD0.09 per common share. The dividend is payable on August 29, 2012 to shareholders of record at the close of business on August 15, 2012. Full Article
Assured Guaranty Ltd. Declares Quarterly Dividend Of U.S. $0.09 Per Common Share
Assured Guaranty Ltd. announced that it declared a quarterly dividend of U.S. $0.09 per common share. The dividend is payable on June 6, 2012 to shareholders of record at the close of business on May 23, 2012. Full Article
Assured Guaranty Ltd Increases Quarterly Dividend By 100% To $0.09 Per Common Share
Assured Guaranty Ltd announced that it has declared a quarterly dividend of $0.09 per common share, an increase of 100% from $0.045 per common share paid on November 30, 2011. The dividend is payable on March 8, 2012 to shareholders of record at the close of business on February 23, 2012. Full Article
UPDATE 1-Assured says to be paid $358 mln as it settles UBS suit
* Assured, UBS enter in loss-sharing agreement on future claims
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