HAMILTON, Bermuda - Assured Guaranty Ltd. (NYSE:AGO), a Bermuda-based financial services company, has expanded its Board of Directors with the appointment of Mark C. Batten as a non-executive director. The addition, effective February 19, 2024, was announced Monday and increases the board's membership to twelve.
Batten, who will also serve on the Audit, Risk Oversight, and Finance Committees of the board, continues his role as the non-executive Chair of Assured Guaranty (UK) Limited (AGUK), the company's U.K. insurance subsidiary. His professional history spans more than 25 years at PricewaterhouseCoopers LLP (PwC), where he retired as a partner in 2017. During his tenure at PwC, Batten led several practices, including Real Estate Restructuring, Insurance Restructuring, and a Corporate Valuations practice. His experience includes acting for the UK and Irish Governments on bank restructurings following the Global Financial Crisis and serving as the Provisional Liquidator of Independent Insurance.
Francisco L. Borges, Chair of Assured Guaranty's Board, expressed anticipation for Batten's contributions, stating, "Mark Batten's impressive professional background... makes him an ideal addition to Assured Guaranty's Board."
Dominic Frederico, President and CEO of Assured Guaranty, also welcomed Batten, highlighting his diverse leadership experience across accounting, audit, financial services, insurance, government finance, and restructuring matters.
Batten's appointment is part of Assured Guaranty's ongoing efforts to maintain a robust leadership team focused on disciplined risk management and building shareholder value. The company, with a history of nearly four decades, provides credit enhancement products to various financial markets and participates in asset management through its ownership interest in Sound Point Capital Management LP and its affiliates.
In addition to his responsibilities at Assured Guaranty and AGUK, Batten holds director roles at other financial services and real estate companies and serves as the Chair of the Governing Body of Westminster School.
This news is based on a press release statement from Assured Guaranty Ltd. and does not include any forward-looking statements or claims about the company's future performance.
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