|Exchange:||New York Stock Exchange|
|Industry:||Insurance - Property & Casualty|
|MBIA Inc. was incorporated as a business corporation under the laws of the state of Connecticut in 1986. The Company provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services, for the public and structured finance markets, and asset management advisory services, on a global basis. These activities are managed through three business segments: United States public finance insurance, structured finance and international insurance, and investment advisory services. The Company also manages certain business activities through its corporate, asset/liability products, and conduit segments. Corporate segment includes revenues and expenses that arise from general corporate activities. Its financial guarantee insurance generally provides investors with an unconditional and irrevocable guarantee of the payment of the principal, interest or other amounts owing on insured obligations when due. It conducts its financial guarantee business, as well as related reinsurance, advisory and portfolio services, through its wholly-owned subsidiaries National Public Finance Guarantee Corporation, its United States public finance only financial guarantee company, and MBIA Insurance Corporation, which together with its subsidiaries, write global structured finance and non-U.S. public finance financial guarantee insurance. It conducts its investment management business through wholly-owned subsidiaries of Cutwater Holdings, LLC, formerly known as MBIA Asset Management, LLC. Cutwater offers advisory services, including cash management, discretionary asset management and structured products on a fee-for-service basis. The Company offers these services to public, corporate and financial services clients, including the Company and its subsidiaries. Cutwater also manages asset/liability products and conduit programs, which are being wound down. In addition to implementing these initiatives, it has expanded the services offered by its businesses through reinsurance and financial advisory transactions. The Company plans to continue to evaluate opportunities to participate in the structured finance and international markets in the future as such opportunities arise. Its insurance companies compete with other monoline insurance companies, as well as other forms of credit enhancement, in writing financial guarantee business.|
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