Dominic J. Frederico

President and Chief Executive Officer at Assured Guaranty Ltd

Board

Since December 2003

Age

72 years

Tenure

Joined AGO in December 2003 as President and Chief Executive Officer, later adding roles as Deputy Chairman and Director since the 2004 IPO.

Also at Assured Guaranty Ltd

BGR

Benjamin G. Rosenblum

Chief Financial Officer

Laura Bieling

Chief Accounting Officer (Principal Accounting Officer)

About

Dominic J. Frederico has served as the President and Chief Executive Officer of Assured Guaranty Ltd. (AGO) since December 2003, and he has simultaneously taken on the roles of Deputy Chairman and Director since the company’s initial public offering in 2004.

Prior to joining AGO, he held executive positions at ACE Limited, including Vice Chairman, President and Chief Operating Officer, as well as Chairman of ACE INA Holdings, Inc., and he also served as a director at ACE Limited from 2001 until May 2005. Additionally, he spent 13 years working for various subsidiaries of American International Group, Inc..

As of February 27, 2025, he is 72 years old. No further details regarding his educational background or personal interests have been provided in the documents.

$AGO Performance Under Dominic J. Frederico

Past Roles

Organization	Role	Date Range	Details
ACE Limited (Chubb Limited)	Director	2001 - May 2005	Served as a director during this period
ACE Limited (Chubb Limited)	Vice Chairman	2003 - 2004	Held the role concurrently with other positions
ACE Limited (Chubb Limited)	President and Chief Operating Officer	1999 - 2003	Oversaw operations and led the company’s transition; later concurrently served as Chairman at ACE INA Holdings
ACE INA Holdings, Inc.	Chairman	1999 - 2003	Served concurrently with his role at ACE Limited during the same period
ACE Limited (Chubb Limited)	Various Executive Positions	1995 - 1999	Oversaw acquisitions, including the Capital Re Corp. acquisition in December 1999
American International Group (AIG)	Senior Vice President and Chief Financial Officer, AIG Risk Management	N/A	Worked for 13 years; final role was as SVP & CFO of AIG Risk Management

External Roles

Organization	Role	Date Range	Details
Amynta Group	Advisory Board Member	Current	Holds active position outside AGO

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,250,000	Annually (determined each February)	Unchanged since 2017
Time-Based Equity	$3,500,000 (target nominal)	Granted based on a 40-day average closing price on the grant date	Non-performance contingent; part of share awards
All Other Compensation	$618,509	Annually	Includes retirement plan contributions, Bermuda allowances, donations, travel, and miscellaneous expenses

Performance Compensation

Data from FY 2023

Cash Incentive Compensation

Metric (Unit)	Value	Additional Details
Base Salary (USD)	$1,250,000	Used in the cash incentive formula
Target Multiple	2.0x	Implies a target incentive of $2,500,000
Maximum Multiple	4.0x	Implies a cap at $5,000,000
Financial Weight	67%	Part of the weighted performance measurement
Non-Financial Weight	33%	Part of the weighted performance measurement
Financial Achievement	78.8%	Performance result achieved on financial targets
Non-Financial Achievement	61.1%	Performance result achieved on non-financial objectives
Total Achievement	139.9%	Aggregated performance score
Final Payout (USD)	$3,496,050	Paid in Q1 2024, based on 2023 performance, with evaluation concluding on Feb 22, 2023
Grant Date	Feb 22, 2023

Long-Term Performance-Based Equity

Metric (Unit)	Value	Additional Details
Target Nominal Value	$5,250,000	Portion of share awards based on performance criteria
Grant Date	Feb 22, 2023
Grant Date Fair Value 1	$2,901,124	For one set of awards
Grant Date Fair Value 2	$2,233,650	For the second set of awards
Threshold Shares	17,953 shares	Minimum performance level for award vesting
Target Shares	35,905 shares	Target level for award vesting
Maximum Shares (Set 1)	89,763 shares	Maximum award limit for the first set
Maximum Shares (Set 2)	71,810 shares	Maximum award limit for the second set
Performance Metrics	5 financial measures	Based on non-GAAP financial measures set in Feb 2023
Vesting Condition	Based on performance achievement	Certain awards had not vested as of Dec 31, 2023