EXHIBIT 31

CERTIFICATION OF CHIEF EXECUTIVE OFFICER 
SYNCORA HOLDINGS LTD.
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
(Chapter 98, Title 15 U.S.C. §7241)

I, Susan B. Comparato, certify that:

|1. | I have reviewed this Quarterly Report on Form 10-Q of Syncora Holdings Ltd.;                                                                                                                                                                                                                                                        
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|2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report;                          
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|3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report;                                             
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|4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
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|   | a)                                                                                                                                                                                                                                                                                                                                  
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|   | b)                                                                                                                                                                                                                                                                                                                                  
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|   | c)                                                                                                                                                                                                                                                                                                                                  
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|   | d)                                                                                                                                                                                                                                                                                                                                  
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|5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of
the registrants board of directors (or persons performing the equivalent functions):                                     
|  
|   | a)                                                                                                                                                                                                                                                                                                                                  
|  
|   | b)                                                                                                                                                                                                                                                                                                                                  
|  

|Dated: November 17, 2008 | /s/ Susan B. Comparato             | 
|------------------------ | ---------------------------------- | 
|                         | SUSAN B. COMPARATO                
|                         | Acting Chief Executive Officer and
|                         | General Counsel                   
|                         | Syncora Holdings Ltd.             

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CERTIFICATION OF CHIEF FINANCIAL OFFICER 
SYNCORA HOLDINGS LTD.
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
(Chapter 98, Title 15 U.S.C. §7241)

I, Elizabeth A. Keys, certify that:

|1. | I have reviewed this Quarterly Report on Form 10-Q of Syncora Holdings Ltd.;                                                                                                                                                                                                                                                        
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report;                          
|  
|3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report;                                             
|  
|4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|  
|   | a)                                                                                                                                                                                                                                                                                                                                  
|  
|   | b)                                                                                                                                                                                                                                                                                                                                  
|  
|   | c)                                                                                                                                                                                                                                                                                                                                  
|  
|   | d)                                                                                                                                                                                                                                                                                                                                  
|  
|5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of
the registrants board of directors (or persons performing the equivalent functions):                                     
|  
|   | a)                                                                                                                                                                                                                                                                                                                                  
|  
|   | b)                                                                                                                                                                                                                                                                                                                                  
|  

|Dated: November 17, 2008 | /s/ Elizabeth A. Keys     | 
|------------------------ | ------------------------- | 
|                         | ELIZABETH A. KEYS        
|                         | Senior Vice President and
|                         | Chief Financial Officer  
|                         | Syncora Holdings Ltd.    

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