1 December 2011
Profile: MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. The company issues financial guarantees for municipal bonds, asset-backed securities, mortgage-backed securities, investor-owned utility bonds, bonds backed by publicly or privately funded public-purpose projects, bonds issued by sovereign and sub-sovereign entities, and bonds backed by other revenue sources, such as corporate franchise revenues. It guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies. The company also offers advisory services, including cash management, discretionary asset management, and structured products provided on a fee-for-service basis for public, not-for-profit, corporate, and financial services clients. MBIA Inc. provides its advisory services through its own field sales force, as well as through various intermediaries, such as broker dealers, investment consultants, and financial advisors. The company was founded in Y 1973 and is HQ’d in Armonk, New York.