Assured Guaranty Ltd. and Bruce E. Stern, the Company's Executive Officer, have mutually and amicably agreed that Mr. Stern will separate from the company, effective May 1, 2020. The company is eliminating the position of Executive Officer and, in conjunction with such action, the company and Mr. Stern have entered into a separation and release agreement to document his right to compensation and his obligations to comply with certain restrictive covenants after separation. In accordance with the terms of the separation and release agreement, Mr. Stern has resigned as Executive Officer and as an executive officer of the company, effective December 31, 2019. He will remain employed in a non-executive officer position, serving as Senior Advisor to the Chief Executive Officer, for a transition period from January 1, 2020 through May 1, 2020.