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NEW YORK (Bloomberg) Bermuda-based bond insurer Assured Guaranty, which backed the debt driving Harrisburg, Pennsylvania, into insolvency, faced the prospect of forced losses in a bankruptcy, so it invested in its future. The bond insurer, which was ...

Bermuda-based bond insurer Assured Guaranty last night announced first-quarter net income of $125.4 million down 61 percent from the same period a year earlier. The decrease was mainly due to unrealised losses on credit derivatives, an item that does...