LEGAL PROCEEDINGS
−Removed: Information pertaining to legal proceedings is provided in the “Legal Proceedings” and “Litigation” sections of Part II, Item 8, Financial Statements and Supplementary Data, Note 18, Commitments and Contingencies , the “Recovery Litigation” section of Note 4, Expected Loss to be Paid (Recovered) , and the “Puerto Rico Litigation” section of Note 3, Outstanding Exposure , and is incorporated by reference herein.
+Added: Information pertaining to legal proceedings is provided in the “Legal Proceedings” and “Litigation” sections of Part II, Item 8, Financial Statements and Supplementary Data, Note 17, Contingencies , the “Puerto Rico Litigation” and “Recovery Litigation” sections of Note 4, Expected Loss to be Paid (Recovered) , and is incorporated by reference herein.
MINE SAFETY DISCLOSURES
Not applicable.
−Removed: Information About Our Executive Officers
−Removed: The table below sets forth the names, ages, positions and business experience of the executive officers of AGL.
+Added: Information About The Company’s Executive Officers
+Added: The table below sets forth the names, ages, positions and business experience of the executive officers of AGL as of February 27, 2025.
Name Age Position(s)
17 unchanged sentences
Bailenson has been with Assured Guaranty and its predecessor companies since 1990.
−Removed: Prior to that, Mr Bailenson was Chief Financial Officer of AGL from June 2011 through December 2023.
Prior to that, Mr.
−Removed: Bailenson became Chief Accounting Officer of AGC in 2003, of AGL in May 2005, and of AGM in July 2009, and served in such capacities until 2019.
+Added: Bailenson was Chief Financial Officer of AGL from June 2011 through December 2023.
+Added: Prior to that, Mr.
+Added: Bailenson became Chief Accounting Officer of AG in 2003, of AGL in May 2005, and of AGM in July 2009, and served in such capacities until 2019.
He was Chief Financial Officer and Treasurer of AG Re from 1999 until 2003 and was previously the Assistant Controller of Capital Re Corp., the Company’s predecessor.
1 unchanged sentence
Prior to that, Mr.
−Removed: Rosenblum was Chief Actuary of AGL from 2021 through December 2023, and also Chief Actuary of AGM and AGC since 2010.
−Removed: He joined Assured Guaranty in 2004, responsible for the loss reserve function at Assured Guaranty Re Ltd.
−Removed: and Assured Guaranty Re Overseas Ltd., later assuming the same responsibilities at Assured Guaranty UK Limited and at Assured Guaranty (Europe) SA.
+Added: Rosenblum was Chief Actuary of AGL from 2021 through December 2023, and also Chief Actuary of AGM (until its merger with and into AG) and AG from December 2010 to October 2024.
+Added: He joined Assured Guaranty in 2004, responsible for the loss reserve function at AGRE and AGRO, later assuming the same responsibilities at AGUK and AGE.
He became a Senior Managing Director in 2015, and has been in charge of accounting and financial reporting since 2019.
10 unchanged sentences
Chow was an associate at law firms in New York City, where she was responsible for transactional work associated with public and private mergers and acquisitions, venture capital investments, and private and public securities offerings.
−Removed: Stephen Donnarumma has been the Chief Credit Officer of AGC since 2007, and of AGM since its 2009 acquisition.
−Removed: Donnarumma joined Assured Guaranty in 1993 and has held a number of positions over the years, including Deputy Chief Credit Officer of AGL, Chief Operating Officer and Chief Underwriting Officer of AG Re, Chief Risk Officer of AGC, and Senior Managing Director, Head of Mortgage and Asset-backed Securities of AGC.
+Added: Stephen Donnarumma has been the Chief Credit Officer of AG since 2007, and of AGM from 2009 until its merger with and into AG.
+Added: Donnarumma joined Assured Guaranty in 1993 and has held a number of positions over the years, including Deputy Chief Credit Officer of AGL, Chief Operating Officer and Chief Underwriting Officer of AG Re, Chief Risk Officer of AG, and Senior Managing Director, Head of Mortgage and Asset-backed Securities of AG.
Prior to joining Assured Guaranty, Mr.
6 unchanged sentences
Prior to that, Mr.
−Removed: Gana served as Deputy Chief Risk Officer of AGM and AGC.
+Added: Gana served as Deputy Chief Risk Officer of AGM and AG.
Gana joined Assured Guaranty in 2005 as a Director in structured finance.
Over the years, Mr.
−Removed: Gana has held a number of positions at Assured Guaranty, including Managing Director, Structured Finance at AGC, Senior Managing Director of Workouts and Government & Corporate Affairs at AGM and AGC, and chair of AGM's and AGC's Workout Committees.
−Removed: Gana continues to serve as a voting member of AGM's and AGC's Credit and Workout Committees.
+Added: Gana has held a number of positions at Assured Guaranty, including Managing Director, Structured Finance at AG, Senior Managing Director of Workouts and Government & Corporate Affairs at AGM and AG, and chair of AGM's and AG’s Workout Committees.
+Added: Gana continues to serve as a voting member of AG’s Credit and Workout Committees.
Prior to joining Assured Guaranty, Mr.
3 unchanged sentences
Gana also worked for the Chile Economic Development Agency, New York Office, and as Editor of the Chile Economic Report until 1996.
−Removed: Horn has been Chief Surveillance Officer of AGL and the Company’s U.S.
−Removed: Insurance Subsidiaries since January 2022.
+Added: Horn has been Chief Surveillance Officer of AGL and AG since January 2022.
Prior to that, Ms.
−Removed: Horn served as AGM’s and AGC’s Chief Surveillance Officer, Public Finance where she was responsible for ongoing surveillance, monitoring and loss mitigation of municipal risks insured by the Company across all sectors of the municipal market.
+Added: Horn served as AGM’s and AG’s Chief Surveillance Officer, Public Finance where she was responsible for ongoing surveillance, monitoring and loss mitigation of municipal risks insured by the Company across all sectors of the municipal market.
She joined AGM in 2003 as a director in the health care underwriting group, where she was responsible for analyzing and recommending the insurability of health care credits.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.