Private equity firm WL Ross & Co. LLC, New York, has agreed to purchase $250 million in common shares of Assured Guaranty Ltd., Hamilton, Bermuda, one of the bond insurers with mortgage exposures that has looked to boost capital as a means of bolstering its ratings. "We believe that Assured has an excellent opportunity during this time of uncertainty in the financial markets," said Wilbur Ross, chairman and chief executive officer of WL Ross. Assured Guaranty can be found online at http://www.assuredguaranty.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry