Assured Guaranty Ltd. ("AGL" and, together with its subsidiaries, "Assured Guaranty," the "Company," "we," "us" or "our")) may offer and sell common shares, preferred shares, depositary shares, debt securities, warrants to purchase common shares, preferred shares or debt securities, share purchase contracts and share purchase units from time to time in one or more offerings. Assured Guaranty US Holdings Inc. ("AGUS") may offer and sell debt securities fully and unconditionally guaranteed by AGL from time to time in one or more series. Assured Guaranty Municipal Holdings Inc. ("AGMH") may offer and sell debt securities fully and unconditionally guaranteed by AGL from time to time in one or more series. In addition, our selling securityholders may from time to time offer securities on terms to be determined at the time of the offering. This prospectus provides you with a general description of the securities.

These securities may be sold on a continuous or delayed basis directly to or through agents, dealers or underwriters as designated from time to time, or through a combination of these methods.

Each time we offer and sell securities, we will provide the specific terms of these securities in supplements to this prospectus. The prospectus supplements may also add, update or change information contained in this prospectus. You should read this prospectus and any supplements carefully before you invest. The names of the selling securityholders, if any, will be set forth in the applicable prospectus supplement or free writing prospectus.

AGL's common shares are traded on the New York Stock Exchange under the symbol "AGO."