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The branch will be headquartered in Nanjing to serve the surrounding province of Jiangsu, which according to Allianz is the leading region in terms of gross written premiums in China. Gross written premiums were $229 million for the period, compared with $226. Accordingly, Assured also announced today that third quarter 2007 new business production as measured by the Present Value of Gross Written Premiums ("PVP"), a non-GAAP financial measure, was $133 million in the financial guaranty direct segment, a 46% increase compared to the third quarter 2006. |
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