Mr. Frederick B. Hnat, also known as Fred, has been Chief Executive Officer and President of Syncora Holdings Ltd. since May 31, 2017. Mr. Hnat serves as Senior Vice President at Syncora Guarantee Inc. He served as Chief Operating Officer of Syncora Holdings Ltd. from January 1, 2017 to May 31, 2017. Mr. Hnat served as Senior Vice President at Syncora Holdings Ltd. since April 2016 until January 1, 2017. He focuses on surveillance of the European portfolio, distressed debt transactions in the U.S. municipal sector, heads Syncora's compliance function and is responsible for both inwards and outwards reinsurance. Mr. Hnat served as Chief Operating Officer of Syncora Guarantee (U.K.) Ltd. (formerly XL Capital Assurance (UK) Limited) since August 2004. Mr. Hnat serves as Managing Director of Syncora Guarantee, Inc. He served as General Counsel of XL Group plc since 2000. He served as the Senior Managing Director, General Counsel and Secretary of Syncora Guarantee Inc. from 2000 to July 2004. Mr. Hnat joined Syncora Guarantee in 1999, served for six years as Assistant General Counsel at MBIA Insurance Corporation. Mr. Hnat was a Corporate Attorney with two New York City law firms, Rogers & Wells (now Clifford Chance) and Mudge Rose Guthrie Alexander & Ferdon. He has been Director of Syncora Holdings Ltd. since May 31, 2017. Mr. Hnat serves as a member of the board of directors of Swap Financial Group LLC, Syncora-UK and Syncora Guarantee. He served as Director of Syncora Guarantee (UK) Limited. He is admitted to the bar associations of New York, New Jersey and the District of Columbia. He is also a member of Syncora's managing committee. Mr. Hnat received an A.B. from Princeton University and a J.D. from the Boston University School of Law.