Assured Guaranty Ltd was incorporated in 2003. The Company through its subsidiaries provides credit protection products to the United States and international public finance, infrastructure and structured finance markets. The Company applies its credit underwriting judgment, risk management skills and capital markets experience to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. The Company conducts its financial guaranty business on a direct basis from the following companies: Assured Guaranty Municipal Corp., Assured Guaranty Corp., Municipal Assurance Corp. and Assured Guaranty Ltd. It also conducts business through Assured Guaranty Re Ltd., a Bermuda-based reinsurer. The Company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities as well as to investors. The Company is subject to regulation under applicable statutes in the U.S., the U.K. and Bermuda, as well as applicable statutes in Australia.