The Board of Directors of Assured Guaranty Ltd. (NYSE:AGO) authorized a share repurchase program on January 18, 2013. Under the plan, the company will repurchase up to $200 million worth of shares. The repurchase authorization may be implemented in the open market, in privately negotiated transactions, block trades, accelerated repurchases and/or through option or other forward transactions. The funds for this program will be provided by parent holding company, Assured Guaranty Ltd. and will have no impact on the capital resources of the company's financial guaranty subsidiaries.

On May 31, 2013, the company has entered into an agreement with Wilbur L. Ross, Jr. and WL Ross & Co. LLC and its affiliates to repurchase up to 5,000,000 shares for a purchase price of $21.94 per share.