Assured Guaranty welcomes Michelle McCloskey, Lorin Radtke and Courtney Shea to its Board of Directors

– BERMUDA, Hamilton –  Assured Guaranty Ltd. (NYSE: AGO) today announced the election of Michelle McCloskey, Lorin Radtke, and Courtney Shea to its Board of Directors, effective on May 5, 2021, bringing the total number of Board members to 13.

Ms. McCloskey and Ms. Shea will each serve on the Audit and Environmental and Social Responsibility committees, and Mr. Radtke will serve on its Finance and Risk Oversight Committees.

“We are extremely pleased that Ms. McCloskey, Mr. Radtke and Ms. Shea are joining our Board as independent directors,” said Board Chairman, Francisco Borges. “These accomplished businesspeople bring a wealth of experience through their diverse backgrounds, complementing the skill sets and perspectives of our other distinguished directors as the Board focuses on strategies for Assured Guaranty’s continued success.”

“I am excited to welcome our new Board members, and I look forward to working with them,” said CEO, Dominic Frederico. “With their varied backgrounds in public finance, structured finance, and investment management, their insights will be valuable to our company as we develop into a diversified financial services company with a dual focus on financial guaranty insurance and asset management.”

About Michelle McCloskey

Ms. McCloskey has more than 35 years of experience in executive roles in the energy, financial trading, and asset management sectors, most recently working at Man Group, an investment management firm with assets over $113 billion, including serving as a member of the Man Group Executive Committee and President of Man FRM. Ms. McCloskey also led Man Group’s diversity and inclusion network in the U.S. Before her tenure at the Man Group, Ms. McCloskey was a portfolio manager in the commodities sector for a variety of institutions.

About Lorin Radtke

Mr. Radtke is the co-founder and partner of venture capital firm M Seven 8. Before founding M Seven 8, he spent 24 years in various senior positions with Goldman Sachs, eight years of which was as a Partner. While at Goldman, he held positions including Head of Credit Products Group—Hard Asset and Portfolio Solutions, Head of Structured Products—Distribution and Sourcing, Head of Structured Portfolio Solutions Group, and Head of CLO Origination. Additionally, Mr. Radtke played an integral role in the development of diverse professionals within Goldman Sachs by leading diversity development programs.

About Courtney Shea

Ms. Shea has had a 35-year career in U.S. public finance in which she has served as both a municipal advisor and investment banker working with state and local governments, not-for-profits and universities, in their issuance of municipal bonds. Most recently she has served as the Managing Member of Columbia Capital Management, a national municipal advisory firm. Before her tenure at Columbia Capital Management, Ms. Shea was an investment banker with several Wall Street firms, including serving as National Head of Public Finance at a division of ABN AMRO.

About Assured Guaranty Ltd

Assured Guaranty Ltd. is a publicly-traded, Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure, and structured finance markets, and also provides asset management services. More information on Assured Guaranty Ltd.

For more information: https://assuredguaranty.com/

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