Assured Guaranty to reinsure $29 bln worth contracts from Ambac

giovedì 13 dicembre 2007 16:35

Dec 13 (Reuters) - Assured Guaranty Ltd (AGO.N: Quotazione) said its unit agreed to reinsure financial guaranty contracts of about $29 billion from a unit of Ambac Financial Group Inc ABK.N.

Assured Guaranty also agreed to provide reinsurance under the terms of Ambac's current surplus share treaty program that expires March 31, 2008. (Reporting by Dhanya Skariachan in Bangalore; Editing by Anupama Dwivedi)