Bermuda-based bond insurer Assured Guaranty Ltd. announced yesterday that it had repurchased 707,350 common shares of its common stock at an average price of $14.74 per share. This completes Assured's two million share repurchase programme, authorised in November 2007. "We believe in strong capital management and providing value to our shareholders," said Dominic Frederico, Assured's CEO.

Assured's share price yesterday closed on $14.90, after falling 49 cents, or 3.2 percent, in a falling market.