| New York Stock Exchange: MBI
MBIA, Inc. is a holding company, which through its subsidiaries, provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services and asset management advisory services, for the public and structured finance markets. It operates through three segments: U.S. Public Finance Insurance; Structured Finance and International Insurance; and Asset Management Advisory Services. The U.S. Public Finance Insurance segment is primarily operated through National Public Finance Guarantee Corp. National's guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, healthcare institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. The Structured Finance and International Insurance segment is operated through MBIA Insurance Corp. and its subsidiaries. MBIA Corp.'s guarantees insure structured finance and asset-backed obligations, bonds and loans used for the financing of projects or other entities located outside of the U.S. that include toll roads, bridges, airports, transportation facilities, utilities and other types of infrastructure projects serving a substantial public purpose, and obligations of sovereign-related and sub-sovereign issuers. The Asset Management Advisory Services segment is primarily operated through Cutwater Holdings LLC and its subsidiaries. Cutwater offers advisory services, including cash management, discretionary asset management and structured products on a fee-for service basis. Cutwater offers these services to public, not-for-profit, corporate and financial services clients, including MBIA Inc. and its other subsidiaries. The company services its clients around the globe, with offices in New York, Denver, San Francisco, Paris, London, Madrid and Mexico City. MBIA was founded in 1973 and is headquartered in Armonk, NY.