FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * MICHENER JAMES M   2. Issuer Name and Ticker or Trading Symbol ASSURED GUARANTY LTD [AGO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) General Counsel and Secretary (Last) (First) (Middle) 30 WOODBOURNE AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 03/02/2017 (Street) HAMILTON, D0 HM08 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(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 Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 03/02/2017   M   30,000 A $ 23.27 343,613.0005 D   Common Shares 03/02/2017   F   22,838 D $ 41.16 (1) 320,775.0005 D   Common Shares 03/02/2017   M   40,000 A $ 19.79 360,775.0005 D   Common Shares 03/02/2017   F   28,597 D $ 41.16 (1) 332,178.0005 D   Common Shares 03/02/2017   M   8,964 (2) A $ 17.44 341,142.0005 D   Common Shares 03/02/2017   F   6,133 D $ 41.16 (1) 335,009.0005 D   Common Shares 03/02/2017   M   10,398 (2) A $ 19.24 345,407.0005 D   Common Shares 03/02/2017   F   7,362 D $ 41.16 (1) 338,045.0005 D

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 1474 (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 Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Options to Acquire Common Shares

$ 23.27

03/02/2017

M

30,000

(3)

02/14/2018

Common Shares

30,000

$ 0

0 (4)

D

Options to Acquire Common Shares

$ 19.79

03/02/2017

M

40,000

(5)

02/24/2020

Common Shares

40,000

$ 0

0 (4)

D

Options to Acquire Common Shares

$ 17.44

03/02/2017

M

8,964 (2)

02/09/2015

02/09/2019

Common Shares

8,964

$ 0

0 (4)

D

Options to Acquire Common Shares

$ 19.24

03/02/2017

M

10,398 (2)

02/07/2016

02/07/2020

Common Shares

10,398

$ 0

0 (4)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MICHENER JAMES M 30 WOODBOURNE AVENUE HAMILTON, D0 HM08			General Counsel and Secretary

Signatures

/s/ By: Ling Chow, Attorney-in-fact		03/06/2017
**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)	Represents the payment of the exercise price and withholding taxes of an employee stock option through the attestation of previously owned shares. The price is equal to the fair market value of the Common Shares on the date of exercise and is used to determine the value of the shares delivered to the Company by attestation of previously owned shares in payment of the exercise price and withholding taxes.
(2)	Reflects the amount of options that vested in accordance with the performance measures described in the Form 4 reporting the grant.
(3)	Options vested as follows: 1/3 on February 14, 2009, 1/3 on February 14, 2010 and 1/3 on February 14, 2011.
(4)	All options of this tranche have been exercised. The Reporting Person no longer holds any options of any tranche (after taking into account options exercised on 3/2/2017). The total number of performance share units from tranches with different performance measures, performance periods and vesting dates is 50,779.
(5)	Options vested as follows: 1/3 on February 24, 2011, 1/3 on February 24, 2012 and 1/3 on February 24, 2013.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.