Full-Time
Head of Non-Payment Insurance
Assured Guaranty
201-500 employees
Guarantees municipal and structured finance securities
No salary listed
London, UK
In Person
 Finance & Banking (1) |
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- Significant proven underwriting experience within an insurance company, broker, bank operating in the credit and non-payment insurance market, with strong familiarity of the Lloyd’s market.
- Excellent relationships with brokers and banks across the structured credit and trade finance markets.
- Expertise in corporate credit, infrastructure, and project finance transactions.
- Familiarity with drafting and negotiating Non-Payment Insurance policies and related contractual documentation.
- Experience developing or advising on underwriting systems, IT infrastructure, and operational best practices.
- Experience establishing or managing reinsurance programmes.
- Experience with third-party investor structures and alternative capital solutions.
- Strong credit analysis, underwriting judgement, and transaction structuring capability.
- Ability to manage KYC and compliance responsibilities with excellent verbal and written communication skills.
- Lead and develop a Non-Payment Insurance business from inception through the design and implementation of a business plan together with senior management.
- As Active Underwriter, lead day-to-day underwriting decisions and portfolio performance for the syndicate’s ensuring business is written within the agreed risk appetite, authority framework and the Syndicate Business Forecast.
- Ensure Lloyd’s underwriting standards and the managing agent’s governance requirements are met.
- Undertake underwriting duties for Non-Payment Insurance products.
- Structure and assess complex transactions involving project finance, single name corporates and structured finance.
- Develop and maintain strong relationships with banks, brokers, reinsurers, investors, and other market participants.
- Develop and advise on underwriting and portfolio risk frameworks.
- Take an active role in business development and marketing efforts, including travel.
- Represent the company externally with clients, brokers, reinsurers, regulators, and rating agencies where appropriate.
- Monitor portfolio performance, market developments, and emerging risks to ensure disciplined underwriting standards and portfolio quality.
- Advise on and help develop internal IT systems and operational infrastructure to support the business.
- Advise on and create a reinsurance programme to support underwriting capacity and portfolio management.
- Over time recruit, mentor, and lead a team of underwriters.
- Work closely with internal stakeholders and other business lines across the Assured group.
- Review project documentation and loan agreements as part of the underwriting process.
- Assume responsibility for overseeing and managing legal and regulatory projects when necessary.
- Proven leadership capability, with prior management experience preferred.
- Entrepreneurial and commercially minded, with the ability to build a business from the ground up.
- Upbeat, dynamic, and driven personality with strong relationship management skills.
- Foreign language capability with business-level proficiency is advantageous.
Assured Guaranty provides financial guaranty insurance to lower borrowing costs for municipalities and other issuers by guaranteeing timely payment of principal and interest on tax-exempt and taxable bonds. Its product is an unconditional, irrevocable guarantee that promises to pay debt service when due, reducing credit risk for issuers and investors. It differentiates itself through a long track record of financial strength, rigorous credit selection, underwriting, and surveillance, with a global footprint in public-sector and public-private financing. Its goal is to enable sustainable public infrastructure by lowering borrowing costs, diversifying funding sources, and protecting policyholders for the life of insured investments.
Company Size
201-500
Company Stage
IPO
Headquarters
Hamilton, Bermuda
Founded
1985
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Simplify's Take
What believers are saying
- S&P affirmed AA ratings on July 21, 2026, citing exceptional liquidity and strong capital.
- First-half 2026 gross written premiums rose 26%, while present value production jumped 48%.
- Q2 2026 returned $62 million to shareholders, supporting per-share value creation.
What critics are saying
- Brightline drove Q2 2026 economic loss development, and management called it a liquidity pressure point.
- PREPA appeals resume at the First Circuit on September 15, 2026, reopening legal overhang.
- Net expected loss to be paid rose to $192 million by June 30, 2026.
What makes Assured Guaranty unique
- AA-rated guaranty platform spans U.S. public finance, Europe, and structured finance.
- Assured Life Re adds annuity reinsurance diversification without abandoning core municipal underwriting.
- Six-month 2026 new business production hit $152 million across 939 insured transactions.
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Company News
Assured Guaranty's second quarter results missed Wall Street expectations, triggering a negative market reaction. Revenue of $195 million fell short of analyst estimates of $200.3 million, whilst adjusted earnings per share came in at $1.23 versus expectations of $1.60. CEO Dominic Frederico attributed the underperformance to lower alternative investment returns, including a $19 million mark-to-market loss on a collateralised loan obligation equity fund, and challenges with certain insured credits, particularly Brightline. Operating margin declined to 30.8% from 46.3% in the same quarter last year. During the earnings call, analysts pressed management on collateralised loan obligation volatility, capital allocation between share repurchases and annuity reinsurance, Brightline credit risk, and sustainability of new business volumes. Management emphasised disciplined underwriting and strong premium income as offsetting factors.
Assured Guaranty reported second quarter 2026 results showing revenue of $195 million and net income of $39 million. The stock fell 8.65% in one day following the 6 August earnings release, trading at $75.43, though five-year returns remain solid at 63.40%. Analysts suggest the shares may be 18% undervalued, with a fair value estimate of $92.33. The company benefits from strong financial guarantee pipelines and record 2024 production figures. A litigation settlement with Lehman Brothers International Europe is expected to deliver a pretax gain of approximately $103 million in first quarter 2025. The company continues share repurchases and declared a quarterly dividend. However, investors should monitor interest rate movements affecting the investment portfolio and potential losses from troubled credits like PREPA.
Reinhart Partners LLC. sells 40,992 shares of Assured Guaranty Ltd. $AGO. August 8, 2026 Key points. * Reinhart Partners reduced its Assured Guaranty stake by 3.2%, selling 40,992 shares in the second quarter. The fund still owns 1.25 million shares, valued at approximately $99.9 million. * Assured Guaranty's second-quarter results missed estimates, with EPS of $1.23 versus forecasts of $1.51-$1.66 and revenue of $195 million, down 30.6% year over year. * The company declared a quarterly dividend of $0.38 per share, while analysts maintain a consensus "Hold" rating and an average price target of $91.67. * Interested in Assured Guaranty? Here are five stocks we like better. Reinhart Partners LLC. reduced its stake in shares of Assured Guaranty Ltd. (NYSE:AGO - Free Report) by 3.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,246,181 shares of the financial services provider's stock after selling 40,992 shares during the period. Assured Guaranty makes up 2.3% of Reinhart Partners LLC.'s investment portfolio, making the stock its 22nd biggest position. Reinhart Partners LLC. owned about 2.82% of Assured Guaranty worth $99,895,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its stake in Assured Guaranty by 633.9% during the fourth quarter. Global Retirement Partners LLC now owns 455 shares of the financial services provider's stock worth $41,000 after purchasing an additional 393 shares during the last quarter. Quarry LP purchased a new position in shares of Assured Guaranty during the 3rd quarter valued at about $44,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Assured Guaranty during the 4th quarter valued at about $45,000. Elevation Wealth Partners LLC lifted its position in Assured Guaranty by 309.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 581 shares of the financial services provider's stock worth $47,000 after buying an additional 439 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Assured Guaranty in the 3rd quarter worth approximately $68,000. 92.22% of the stock is currently owned by hedge funds and other institutional investors. Here are the key news stories impacting Assured Guaranty this week: * Positive Sentiment: Assured Guaranty declared a quarterly dividend of $0.38 per share, payable September 3 to shareholders of record August 20. The dividend represents an annualized yield of approximately 1.8%, providing ongoing shareholder income. Assured Guaranty dividend announcement * Neutral Sentiment: The company posted updated investor materials and disclosures on August 7. No specific financial change or new guidance was identified in the announcement, so the immediate stock impact appears limited. Updated investor materials and disclosures * Negative Sentiment: Second-quarter earnings were $1.23 per share, below consensus estimates ranging from $1.51 to $1.66. Although EPS increased from $1.01 a year earlier, the earnings miss is likely weighing on investor sentiment. Assured Guaranty Q2 earnings miss * Negative Sentiment: Quarterly revenue was $195 million, below the approximately $205 million consensus estimate and down 30.6% year over year. The revenue shortfall, combined with the EPS miss, is the primary catalyst behind the stock's decline. Assured Guaranty Q2 earnings snapshot Assured Guaranty revenue estimate miss Insider buying and selling at Assured Guaranty. In other news, Director Lorin Radtke sold 1,047 shares of the company's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $74.32, for a total transaction of $77,813.04. Following the completion of the transaction, the director directly owned 9,307 shares of the company's stock, valued at approximately $691,696.24. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Guaranty Ltd Assured purchased 209,388 shares of Assured Guaranty stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average price of $24.83 per share, for a total transaction of $5,199,104.04. Following the acquisition, the insider owned 1,212,106 shares in the company, valued at $30,096,591.98. This trade represents a 20.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.70% of the company's stock. Analyst Ratings changes. A number of brokerages have commented on AGO. UBS Group upgraded shares of Assured Guaranty from a "neutral" rating to a "buy" rating and set a $94.00 price target on the stock in a research report on Monday, May 18th. Wall Street Zen cut shares of Assured Guaranty from a "hold" rating to a "sell" rating in a research note on Saturday. Weiss Ratings lowered shares of Assured Guaranty from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday. Keefe, Bruyette & Woods lowered their price target on shares of Assured Guaranty from $103.00 to $101.00 and set an "outperform" rating for the company in a research note on Friday, July 17th. Finally, Roth Capital lowered shares of Assured Guaranty from a "buy" rating to a "neutral" rating and set a $80.00 price target for the company. in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $91.67. Discover more Stock Average Calculator Cryptocurrency News MarketBeat Portfolio Tools Assured Guaranty stock performance. NYSE:AGO opened at $75.42 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.63 and a current ratio of 0.63. Assured Guaranty Ltd. has a fifty-two week low of $72.76 and a fifty-two week high of $92.39. The firm has a market cap of $3.33 billion, a PE ratio of 10.06 and a beta of 0.75. The business has a 50 day moving average price of $80.36 and a 200-day moving average price of $81.90. Assured Guaranty (NYSE:AGO - Get Free Report) last issued its earnings results on Tuesday, June 30th. The financial services provider reported $1.23 EPS for the quarter. Assured Guaranty had a net margin of 37.34% and a return on equity of 7.07%. The company had revenue of $195.00 million for the quarter. Equities research analysts predict that Assured Guaranty Ltd. will post 7.08 earnings per share for the current year. Assured Guaranty dividend announcement. The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a $0.38 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.0%. Assured Guaranty's payout ratio is presently 17.45%. Assured Guaranty company profile. Assured Guaranty Ltd is a Bermuda-domiciled provider of financial guaranty insurance and reinsurance products serving public finance, infrastructure and structured finance markets. The company's primary business activity is credit enhancement, whereby it guarantees the timely payment of principal and interest on debt obligations issued by municipal and infrastructure entities. By combining rigorous risk assessment with active portfolio management, Assured Guaranty helps issuers access capital at more attractive rates while protecting investors against credit events. In its public finance segment, the company underwrites municipal bond insurance for state and local governments, public-private partnerships and essential infrastructure projects. Further reading. Want to see what other hedge funds are holding AGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assured Guaranty Ltd. (NYSE:AGO - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Assured Guaranty, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Assured Guaranty wasn't on the list. While Assured Guaranty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain - combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Assured Guaranty Ltd. reported second quarter 2026 net income of $39 million, or $0.88 per share. The financial guarantor's shareholders' equity per share reached a record high of $126.18 as of 30 June 2026. Gross written premiums totalled $81 million for the quarter. Adjusted operating income was $55 million, or $1.23 per share. The company returned $62 million to shareholders during the quarter through $45 million in share repurchases and $17 million in dividends. President and CEO Dominic Frederico noted that key valuation metrics all reached record highs. First-half 2026 gross written premiums and present value of new business production increased 26% and 48% respectively compared to the previous year, driven by US public finance and global structured finance businesses.
Assured Guaranty profits off new annuity business. Created: Aug 06, 2026 07:34 PM (Updated: Aug 06, 2026 07:34 PM) Dominic Frederico, president and CEO of Assured Guaranty (File photograph) Assured Guaranty's new annuity reinsurance operation recorded a $2 million quarterly profit as the group reported record per-share valuation measures at the halfway point of 2026. The renamed Assured Life Re generated adjusted operating income of $2 million in the second quarter, following Assured Guaranty's acquisition of Warwick Re in January. The transaction marked the financial guarantor's expansion into the annuity reinsurance market. The operation reinsures a British pension risk-transfer block with reserves of $484 million, supported by an investment portfolio of $596 million. It also reinsures a block of American multi-year guaranteed annuities with policyholder account values of $256 million. That portfolio is supported by $296 million of funds-withheld assets. Dominic Frederico, president and chief executive of Assured Guaranty, pointed to "the progress we have made and the market's reception" of Assured Life Re. The group reported adjusted operating income of $55 million, or $1.11 per share, for the second quarter. That represented a 10 per cent increase from $50 million, or 94 cents per share, in the same period last year. However, net income calculated under generally accepted accounting principles fell to $39 million, or 79 cents per share, from $103 million, or $1.93 per share, a year earlier. Assured Guaranty's financial guaranty business is still the group's largest earnings contributor. Its adjusted operating income increased 12 per cent to $85 million. The company also reported stronger production in structured finance. Combined United States and international structured-finance gross written premiums rose 375 per cent compared with the prior-year quarter, while the present value of premiums from the business increased 125 per cent. Three key valuation measures reached record levels during the quarter. Shareholders' equity per share rose to $126.18, adjusted operating shareholders' equity reached $129.94 per share and adjusted book value climbed to $189.72 per share. The company said the Assured Life Re acquisition contributed to the growth in adjusted book value. Assured Guaranty returned $62 million to shareholders through share repurchases and dividends during the quarter. Since the beginning of 2013, the group has returned approximately $6 billion to shareholders through share buybacks.