Assured Guaranty, a provider of insurance products, has opened a new office in Sydney, Australia, which will focus on its expansion in the Australian and Asian/Pacific markets.

The office will be headed by Craig Lee, managing director for Asia/Pacific region, who was previously stationed in Assured’s London office.

Mike Schozer, president of Assured Guaranty, said: We are excited about the opportunity to establish a physical presence in the Asian/Pacific region, which has been an area of focus for Assured since Craig Lee was hired in early 2007. The opening of the Sydney office testifies to our commitment to the region and marks another milestone in the expansion of our direct financial guaranty franchise.