David Penchoff Appointed President and Chief Operating Officer of Assured Guaranty Re Ltd.

HAMILTON, Bermuda -- Assured Guaranty Ltd. (NYSE:AGO) has announced the appointment of David Penchoff as President and Chief Operating Officer of Assured Guaranty Re Ltd. (AG Re), effective immediately. Mr. Penchoff will report to Dominic Frederico, President and Chief Executive Officer of Assured Guaranty Ltd. and will be responsible for AG Re's underwriting and related administrative functions. Mr. Penchoff's appointment is subject to Bermuda immigration approval. Mr. Frederico noted, "We are pleased that David will be leading our reinsurance business going forward. He has provided strong leadership to our reinsurance underwriting team and will now be in a position to broaden his contributions to the Company." E[acute accent]Mr. Penchoff has more than 20 years of experience in the U.S. and international fixed income markets, with a specialization in public finance. He was appointed Chief Underwriting Officer of AG Re in 2004. Mr. Penchoff's previous experience included 10 years at MBIA Insurance Corp. (MBIA), where he was a managing director of public finance with responsibility for business development and underwriting. Prior to MBIA, he was a vice president in the Bond Insurance Ratings Group at Standard & Poor's. Mr. Penchoff received his graduate degree in public administration from the University of Southern California and his undergraduate degree from the University of Connecticut. E[acute accent]Mr. Penchoff succeeds Pierre Samson, who will be leaving the Company at the end of the year. E[acute accent]Assured Guaranty Re Ltd. is the Bermuda reinsurance subsidiary of Assured Guaranty Ltd. Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, structured finance and mortgage markets.

E[acute accent]Any forward-looking statements made in this press release reflect the Company's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. For example, the Company's forward-looking statements, including its statements regarding PVP and present value of estimated installment premiums in force, could be affected by a significant reduction in the amount of reinsurance ceded by one or more of our principal ceding companies, rating agency action such as a ratings downgrade, difficulties with the execution of the Company's business strategy, contract cancellations, developments in the world's financial and capital markets, more severe or frequent losses associated with products affecting the adequacy of the Company's loss reserve, changes in regulation or tax laws, governmental actions, the Company's dependence on customers, decreased demand or increased competition, loss of key personnel, the effects of mergers, acquisitions and divestitures, changes in accounting policies or practices, and changes in general economic conditions, as well as management's response to these factors, and other risk factors identified in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.