Dominic  Frederico net worth and biography

Dominic Frederico Biography and Net Worth

Dominic Frederico is President and Chief Executive Officer of Assured Guaranty Ltd., a position he has held since December 2003. During his tenure, Assured Guaranty became the leading provider of municipal bond insurance and financial guarantees. Assured Guaranty completed its initial public offering in 2004 under his leadership, and, in 2009, acquired the financial guaranty insurance company now named Assured Guaranty Municipal, thereby merging the only two monoline insurers to continue writing policies before, during and after the Great Recession.

Mr. Frederico has supervised the operations of Assured Guaranty since its acquisition in 1999 by ACE Limited, where he was Vice Chairman, and also served as Chairman of ACE Financial Services, ACE INA and ACE USA. He worked at ACE for nine years prior to his post at Assured Guaranty, progressing to increasingly senior positions, including: President & CEO, ACE Bermuda; Chairman, President & CEO, ACE INA Holdings; and President & Chief Operating Officer, ACE Limited. He oversaw the successful acquisition and integration of the domestic and international property casualty operations acquired by ACE from CIGNA Corporation in July 1999 and the acquisition of Capital Re Corp., the predecessor company to Assured Guaranty, in December 1999.

Prior to joining ACE, Mr. Frederico spent 13 years working for various subsidiaries of the American International Group.

Mr. Frederico holds an M.B.A. in Finance and a B.S. from Drexel University, as well as a Certified Public Accountant’s designation in the State of Pennsylvania. In addition to his professional responsibilities, he is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants.

What is Dominic Frederico's net worth?

The estimated net worth of Dominic Frederico is at least $112.99 million as of March 20th, 2024. Mr. Frederico owns 1,450,824 shares of Assured Guaranty stock worth more than $112,990,173 as of April 26th. This net worth evaluation does not reflect any other assets that Mr. Frederico may own. Additionally, Mr. Frederico receives an annual salary of $5,360,000.00 as CEO at Assured Guaranty. Learn More about Dominic Frederico's net worth.

How old is Dominic Frederico?

Mr. Frederico is currently 71 years old. There are 6 older executives and no younger executives at Assured Guaranty. Learn More on Dominic Frederico's age.

What is Dominic Frederico's salary?

As the CEO of Assured Guaranty Ltd., Mr. Frederico earns $5,360,000.00 per year. Learn More on Dominic Frederico's salary.

How do I contact Dominic Frederico?

The corporate mailing address for Mr. Frederico and other Assured Guaranty executives is 30 WOODBOURNE AVENUE, HAMILTON D0, HM 08. Assured Guaranty can also be reached via phone at (441) 279-5700 and via email at [email protected]. Learn More on Dominic Frederico's contact information.

Has Dominic Frederico been buying or selling shares of Assured Guaranty?

Dominic Frederico has not been actively trading shares of Assured Guaranty during the past quarter. Most recently, Dominic Frederico sold 55,000 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $92.43, for a transaction totalling $5,083,650.00. Following the completion of the sale, the chief executive officer now directly owns 1,450,824 shares of the company's stock, valued at $134,099,662.32. Learn More on Dominic Frederico's trading history.

Who are Assured Guaranty's active insiders?

Assured Guaranty's insider roster includes Howard Albert (Insider), Robert Bailenson (CFO), Laura Bieling (CAO), Rossell Brewer, II (Insider), G. Buhl (Director), Stephen Donnarumma (Insider), and Dominic Frederico (CEO). Learn More on Assured Guaranty's active insiders.

Are insiders buying or selling shares of Assured Guaranty?

In the last twelve months, insiders at the financial services provider sold shares 7 times. They sold a total of 142,961 shares worth more than $10,706,144.81. The most recent insider tranaction occured on March, 20th when CEO Dominic Frederico sold 55,000 shares worth more than $5,083,650.00. Insiders at Assured Guaranty own 5.1% of the company. Learn More about insider trades at Assured Guaranty.

Information on this page was last updated on 3/20/2024.

Dominic Frederico Insider Trading History at Assured Guaranty

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/20/2024Sell55,000$92.43$5,083,650.001,450,824View SEC Filing Icon  
12/5/2023Sell20,484$68.70$1,407,250.801,330,509View SEC Filing Icon  
9/13/2023Sell29,977$61.13$1,832,494.011,371,016View SEC Filing Icon  
6/27/2022Sell86,000$57.21$4,920,060.001,278,541View SEC Filing Icon  
3/8/2021Sell118,000$44.24$5,220,320.00View SEC Filing Icon  
3/4/2021Sell4,903$43.76$214,555.28View SEC Filing Icon  
3/2/2021Sell43,510$44.38$1,930,973.80View SEC Filing Icon  
8/22/2019Sell30,300$43.70$1,324,110.001,300,031View SEC Filing Icon  
9/4/2018Sell212,055$40.82$8,656,085.101,180,680View SEC Filing Icon  
8/31/2018Sell118,294$40.73$4,818,114.621,180,680View SEC Filing Icon  
9/28/2017Sell1$37.60$37.60View SEC Filing Icon  
5/13/2016Buy13,000$25.10$326,300.001,199,550View SEC Filing Icon  
See Full Table

Dominic Frederico Buying and Selling Activity at Assured Guaranty

This chart shows Dominic Frederico's buying and selling at Assured Guaranty by year and by quarter.

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Assured Guaranty Company Overview

Assured Guaranty logo
Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. It insures and reinsures various debt obligations, including bonds issued by the United States state governmental authorities; and notes issued to finance infrastructure projects. In addition, the company insures and reinsures various the U.S. public finance obligations, such as general obligation, tax-backed, municipal utility, transportation, healthcare, higher education, infrastructure, housing revenue, investor-owned utility, renewable energy, and other public finance bonds. Further, the company involved in insuring and reinsuring of non-U.S. public finance obligations comprising regulated utilities, infrastructure finance, sovereign and sub-sovereign, renewable energy bonds, pooled infrastructure, and other public finance obligations; and the U.S. and non-U.S. Structured finance obligations, including residential mortgage-backed securities, life insurance transactions, consumer receivables securities, subscription finance facilities, pooled corporate obligations, and financial products. Additionally, it offers specialty business, such as real estate properties, insurance securitizations, and aircraft residual value insurance (RVI) transactions; and asset management services comprising investment advisory services. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations. Assured Guaranty Ltd. was incorporated in 2003 and is headquartered in Hamilton, Bermuda.
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Today's Range

Now: $77.88
Low: $77.22
High: $78.67

50 Day Range

MA: $85.81
Low: $76.26
High: $94.99

2 Week Range

Now: $77.88
Low: $49.84
High: $96.60

Volume

414,841 shs

Average Volume

381,791 shs

Market Capitalization

$4.32 billion

P/E Ratio

6.28

Dividend Yield

1.57%

Beta

1.12