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Bond insurers active as Ross buys into Assured

By Greg Morcroft, MarketWatch

Last Update: 9:46 AM ET Feb 29, 2008

NEW YORK (MarketWatch) — Shares of bond insurer Assured Guaranty rose Friday
after revealing that investor Wilbur Ross will provide up to $1 billion to
strengthern its business, while rival Ambac Financial Group’s shares fell on a
broadcast report that a deal to boost its capital has hit a snag.

Along with investing up to $1 billion, Ross will get a seat on Assured Guaranty’s
board of directors.

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