Bermuda-based Syncora Holdings Ltd. has announced the appointment of four new independent directors.

William Fitzgerald and Robert Shippee will join the company's board of directors and the boards of its financial guarantee insurance subsidiaries, Syncora Guarantee Inc. (SGI) and Syncora Capital Assurance Inc. (SCAI).

James Gallagher and Frank Puleo will join the Board of SCAI.

Mr. Fitzgerald will be a Class I director and will serve on the company's audit and finance & risk oversight committees. Mr. Shippee will be a Class II director and will sit on the company's finance & risk oversight committee. Directors who serve solely on the Board of SCAI will have observer status on the Syncora and SGI Boards.

Mr. Gallagher will serve as SCAI's representative on the company's audit and finance & risk oversight committees and Mr. Puleo will serve as SCAI's representative on the company's audit and nominating & governance committees.