Assured Guaranty Ltd. and David A. Buzen, the Company’s Chief Investment Officer, mutually and amicably agreed on July 6, 2023, that Mr. Buzen will separate from the Company, effective March 1, 2024. Effective August 1, 2023, Mr. Buzen will become the Company’s Senior Managing Director, Alternative Investments, focusing on special projects for the Company, and resign as the Company’s Chief Investment Officer and Head of Asset Management and as an executive officer of the Company. As Senior Managing Director, Alternative Investments, Mr. Buzen remains an officer of the Company.

On July 7, 2023, the Company entered into a separation agreement with Mr. Buzen to document his right to compensation during the transition period and after separation, and his obligations to comply with certain restrictive covenants.