Assured Guaranty Ltd. (AGL) is a Bermuda-based holding company. The securities insured by the Company include taxable and tax-exempt obligations issued by the United State state or municipal governmental authorities, utility districts or facilities; notes or bonds issued to finance international infrastructure projects; and asset-backed securities issued by special purpose entities. The Company markets its credit protection products directly to issuers and underwriters of public finance, infrastructure and structured finance securities as well as to investors in such debt obligations. The Company conducts its financial guaranty business on a direct basis from two companies: Assured Guaranty Municipal Corp (AGM) and Assured Guaranty Corp. (AGC). The Company's principal operating subsidiaries include Assured Guaranty Municipal Corp., Assured Guaranty Corp., and Assured Guaranty Re Ltd. On May 31, 2012, it acquired Municipal and Infrastructure Assurance Corporation.