Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
FREDERICO DOMINIC
 2. Issuer Name and Ticker or Trading Symbol
ASSURED GUARANTY LTD [AGO] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Deputy Chairman/President/CEO
(Last)
(First)
(Middle)

30 WOODBOURNE AVENUE		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2010
(Street)


HAMILTON, D0 HM08		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Shares 06/22/2010   G(1) 208,859 D $ 0 720,074.1865 D  
Common Shares 06/22/2010   G(1) 208,859 A $ 0 208,859 I By Familiy Limited Partnership
Common Shares             9,400 I By Wife
Common Shares             200 I By Daughter
Common Shares             135,686 I By Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $ 25.5 07/09/2010   G(1)   166,667   (2) 02/02/2016 Common Shares
166,667
$ 0 0
D
 
Employee Stock Option $ 25.5 07/09/2010   G 166,667     (2) 02/02/2016 Common Shares
166,667
$ 0 166,667
I
By Familiy Limited Partnership
Employee Stock Options $ 26.7 07/09/2010   G(1)   166,667   (3) 02/08/2017 Common Shares
166,667
$ 0 0
D
 
Employee Stock Option $ 26.7 07/09/2010   G 166,667     (3) 02/08/2017 Common Shares
166,667
$ 0 166,667
I
By Family Limited Partnership

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FREDERICO DOMINIC
30 WOODBOURNE AVENUE
HAMILTON, D0 HM08		   X     Deputy Chairman/President/CEO  

Signatures

By: James Michener, Attorney-in-fact 02/14/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person transferred these securities to a family limited partnership (the "LP"). A limited liability company (the "LLC") that is equally owned by the reporting person, the reporting person's wife, the reporting person's daughter and the reporting person's son is the sole general partner of the LP. The reporting person is the sole manager of the LLC, having the sole power to cause the LLC to take action as the general partner of the LP. Following the transfer, the LLC, as general partner of the LP, had a 1% interest in the assets of the LP and the reporting person, as the sole limited partner of the LP had a 99% interest in the assets of the LP.
(2) The stock options vested as follows: 1/3rd on February 2, 2007, 1/3rd on February 2, 2008 and 1/3rd on February 2, 2009.
(3) The stock options vested as follows: 1/3rd on February 8, 2008, 1/3rd on February 8, 2009 and 1/3rd on February 8, 2010.

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