Bermuda-based Assured Guaranty Ltd. announced that Pierre Samson, President of Assured Guaranty Re International, Ltd. has assumed responsibility for the Company’s financial guaranty reinsurance segment.
Assured Guaranty is an international surety insurer, formed from the spin off of ACE Limited’s surety operations.
CEO Dominic Frederico commented: “Now that the majority of our reinsurance business is being handled from Bermuda, I have asked Pierre Samson to take responsibility for our reinsurance segment. With more than 14 years of experience as an actuary and reinsurer, Pierre has the skills and leadership to direct this segment.”
Samson succeeds Robbin Conner, Executive VP of Assured Guaranty Corp. (AGC), Assured Guaranty’s principal U.S. subsidiary, who was appointed to run this segment in March 2004. He has been named as Director of Underwriting Standards for AGC. In this role Conner will focus on AGC’s underwriting systems, controls and processes. He will also play a key role in the completion of the Company’s Sarbanes-Oxley certification process for the underwriting area.
“I asked Robbin to take responsibility for enhancing our underwriting models and standards and ensuring our new staff members are trained in Assured Guaranty’s underwriting systems and approach,” Frederico added. “We have added eleven experienced underwriting, surveillance, legal and financial staff in our direct operation since the end of the second quarter and expect to continue to expand our financial guaranty direct business.”
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