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EXHIBIT 21.1

Subsidiaries of the Registrant
(All subsidiaries are wholly-owned)

Name				Jurisdiction of Incorporation
Assured Guaranty Re Ltd.				Bermuda
	Assured Guaranty Overseas US Holdings Inc.			Delaware
		Assured Guaranty Re Overseas Ltd.		Bermuda
			Assured Guaranty Mortgage Insurance Company	New York
			AG Intermediary Inc.	New York
Assured Guaranty US Holdings Inc.				Delaware
	AG Financial Products Inc.			Delaware
	Assured Guaranty (UK) Services Ltd.			England
	Assured Guaranty Corp.			Maryland
		Assured Guaranty (UK) Ltd.		England
		Assured Guaranty Finance Overseas Ltd.		England
Cedar Personnel Ltd.				Bermuda

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EXHIBIT 21.1

Subsidiaries of the Registrant (All subsidiaries are wholly-owned)