James Michener to Become Senior Advisor to Assured Guaranty CEO

Ling Chow Will Succeed Him as General Counsel and Secretary

Category:

Thursday, November 2, 2017 5:07 pm EDT

Dateline:

HAMILTON, Bermuda

Public Company Information:

NYSE:
AGO
"Ling has demonstrated the kind of capability and leadership that can help drive Assured Guaranty’s future expansion and strategy. During his tenure at Assured Guaranty, Jim has made many significant contributions to the Company’s sizeable growth, and we will benefit greatly from his advice, insight and knowledge during 2018."

HAMILTON, Bermuda--(BUSINESS WIRE)--James Michener, General Counsel and Secretary of Assured Guaranty Ltd. (NYSE:AGO)(together with its subsidiaries, Assured Guaranty or the Company) will become Senior Advisor to Chief Executive Officer, Dominic Frederico, effective January 1, 2018. Ling Chow, currently the General Counsel for the Company’s U.S. subsidiaries, will become General Counsel and Secretary of Assured Guaranty Ltd. on that date. Mr. Michener will continue in his current position until the end of 2017.

“Jim Michener and Ling Chow have worked closely together for many years, ensuring a smooth transition,” said Mr. Frederico. “Ling has demonstrated the kind of capability and leadership that can help drive Assured Guaranty’s future expansion and strategy. During his tenure at Assured Guaranty, Jim has made many significant contributions to the Company’s sizeable growth, and we will benefit greatly from his advice, insight and knowledge during 2018.”

Mr. Michener has been with the Company since its initial public offering in 2004 and has been instrumental in Assured Guaranty becoming the leading financial guaranty insurer. He has been responsible for a number of important initiatives, spearheading the FSA, Radian Asset Assurance, CIFG and MBIA UK acquisitions from a legal perspective, managing litigation and workout activities relating to a number of distressed structured finance and U.S. public finance credits, completing settlements with residential mortgage-backed securities providers, and obtaining regulatory approvals that allowed the Company to manage its capital more efficiently.

Ling Chow has over 15 years of experience as an attorney with the Company. In addition to serving as U.S. General Counsel, she is also the Company’s head corporate attorney. Previously, she worked as a corporate lawyer at three New York City law firms. Ms. Chow is a graduate of Harvard College and the NYU School of Law.

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 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. These risks and uncertainties include risks and uncertainties that have not been identified at this time, management’s response to these factors, and 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 November 2, 2017. 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, except as required by law.

Assured Guaranty Ltd. is a publicly traded Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets. More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.com.

Contact:

Assured Guaranty Ltd.
Robert Tucker, 212-339-0861
Senior Managing Director, Investor Relations and Corporate Communications
rtucker@agltd.com
or
Media:
Ashweeta Durani, 212-408-6042
Vice President, Corporate Communications
adurani@agltd.com