CEO of of Assured Guaranty Ltd
Dominic Frederico has been a director of Assured Guaranty Ltd. since our 2004 initial public offering, and the President and Chief Executive Officer of Assured Guaranty Ltd, Inc.(AGO) since December 2003.
During his tenure as President and Chief Executive Officer, Assured Guaranty became the leading provider of municipal bond insurance and financial guarantees. Under his leadership, Assured Guaranty completed its initial public offering in 2004 and, in 2009, acquired the financial guaranty insurance company now named Assured Guaranty Municipal, thereby merging the only two monoline insurers to continue writing policies before, during and after the 2008 financial crisis. In the following years, he led our acquisition of a number of the remaining legacy financial guaranty insurance companies or their portfolios, expanding our reach, consolidating industry capital and solidifying our position as the leader in the financial guaranty industry. More recently, he is leading our expansion into asset management, which we believe will provide us with a new revenue source, reduce the volatility of our earnings and create another avenue for growth.
Mr. Frederico served as Vice Chair of ACE Limited (now known as Chubb Limited) from 2003 until 2004 and served as President and Chief Operating Officer of ACE Limited and Chair of ACE INA Holdings, Inc. from 1999 to 2003. Mr. Federico was a director of ACE Limited from 2001 through May 2005. From 1995 to 1999, Mr. Federico served in a number of executive positions with ACE Limited, during which period he oversaw the successful acquisition and integration of the domestic and international property casualty operations acquired by ACE from CIGNA Corporation in July 1999 and the acquisition of Capital Re Corp., the predecessor company to Assured Guaranty, in December 1999.
Prior to joining ACE Limited, Mr. Frederico spent 13 years working for various subsidiaries of the American International Group. His last position at the group was Senior Vice President and Chief Financial Officer of AIG Risk Management.
Mr. Frederico is a member of the Amynta Group Advisory Board.