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Headquarters: 113 King St.
Armonk, NY 10504
Phone: (914) 273-4545
Employees: 485
CEO: Gary Dunton
Stock Symbol: MBI


Career Site

MBIA, which stands for Municipal Bond Insurance Association, is a premier financial guarantor and a leading provider of fixed-income investment management services. The Company's core business is credit enhancement of municipal bonds and asset-and mortgage-backed transactions in the new issue and secondary markets.

MBIA's innovative and cost-effective products and services meet the credit enhancement, financial and investment needs of its public and private sector clients, domestically and internationally. MBIA Inc.'s principal operating subsidiary, MBIA Insurance Corporation, has a financial strength rating of Triple-A from Moody's Investors Service, Standard & Poor's Ratings Services, Fitch Ratings, and Rating and Investment Information, Inc.

With 10 offices in New York, Denver, San Francisco, Paris, London, Madrid, Milan, Sydney and Tokyo, MBIA services the needs of clients around the globe. 

In 2006, the company reported revenues of $2.7 billion and net income of $819 million.


1971 - Municipal Issuers Service Corp. (MISC) forms.

1973 - Municipal Bond Insurance Association (MBIA) forms. Managed by MISC, MBIA is formed by four major insurance companies: The Aetna Casualty and Surety Company, St. Paul Fire and Marine Insurance Company, Aetna Insurance Company (then part of Connecticut General and now part of CIGNA), and United States Fire Insurance Company, a Crum & Forster Company.

1974 - MBIA becomes the first municipal bond guarantor to receive Standard & Poor's highest credit rating, AAA. MBIA guarantees its first bond issue on May 21, 1974, $8.65 million water and sewer revenue bonds issued by Carbondale, Illinois. For all of 1974, MBIA insures 12 issues totaling $82 million of par value.

1985 - Ryder System, Inc. acquires MISC, which continues to serve as the managing agent for MBIA. Ryder sells MISC less than 18 months later to MBIA.

1987 - MBIA goes public on the NY Stock Exchange. It becomes the managing agency of the Municipal Bond Insurance Association, which was created in 1973.

Updated January 11, 2008

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