Assured Guaranty Ltd. Wednesday said it expects loss and loss-adjustment expenses for fourth-quarter 2008 of $90 million, related mostly to deterioration in the residential mortgage-backed securities market.

The losses represent a jump from $17.6 million of loss and loss-adjustment expenses in the fourth quarter of 2007, Assured said in a release of selected financial data. The bond insurer will release full earnings for the quarter on Feb. 25.

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