Syncora Holdings Ltd. announced that, following conclusion of a review by the New York Department of Financial Services, Messrs. Frederick Arnold and Robert Mills have been seated on the Company's Board.  Mr. Arnold and Mr. Mills were both nominated on August 23, 2016, by the surplus noteholders who had signed the Transaction Support Agreement ("TSA") on July 1, 2016.  In accordance with the terms of the TSA, Mr. L. Spencer Wells, who was elected to the Board by shareholders who previously held the Series A Preference Shares of the Company on September 3, 2014, has resigned from the company's Board of Directors.  Messrs. Arnold and Mills will each have one 3 year term.