MBI

MBIA Inc. (NYSE:MBI) is a financial guarantee insurance company founded in 1973 and headquartered in Purchase, New York. The company went public in 1987 and has operated as a specialty insurer providing financial guarantees primarily for municipal bonds and other public finance obligations. MBIA was once a major player in the bond insurance industry but has been in a managed run-off mode for over a decade following significant losses during the 2008 financial crisis, particularly from structured finance exposures. Today, the company operates through two main subsidiaries and is focused on resolving legacy exposures while exploring strategic alternatives including a potential sale.