Skip to content
Subscriber Only

Behind Ross' Bond-Insurance Bet

The billionaire investor is hoping his cash infusion will strengthen Assured Guaranty's position in the turbulent industry

It's certainly not as cheap as his prior ventures into troubled industries, but Wilbur Ross' proposed $250 million investment in Assured Guaranty (AGO) could be just as lucrative if the wave of consolidation he expects in the financial guaranty sector materializes.

In a conversation with BusinessWeek on Feb. 29, the billionaire indicated that Assured could use the new capital to grow its business by re-insuring blocks of business from other industry players – or through acquisitions.