ACE Bermuda Insurance Ltd. has agreed to sell 1,150,000 shares of Assured Guaranty Ltd. The proceeds of the sale will go to ACE.
“Following the closing of this offering and the related $150 million share repurchase that Assured Guaranty previously announced on December 7, 2006, ACE’s ownership in Assured Guaranty will be reduced to 19.2 million shares of Assured Guaranty’s common stock, or approximately 28 percent of outstanding shares,” said the announcement.
Was this article valuable?
Here are more articles you may enjoy.
State Farm Sued Over Policies Backed by Distressed Insurer PHL 
Surveys Show Concerns About Florida Market, But Consumers Are Warming Up 
Viewpoint: Agentic AI Is Coming to Insurance Industry – Much Faster Than You Think 
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University 
