The Company provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, on a global basis.

The Company conducts the financial guarantee business, as well as related reinsurance, advisory and portfolio services, through the wholly owned subsidiaries National Public Finance Guarantee Corporation (National), the United States public finance financial guarantee company, and MBIA Insurance Corporation (MBIA Corp.), which together with its subsidiaries, writes global structured finance and non-United States public finance financial guarantee insurance. MBIA conducts the investment management business primarily through wholly owned subsidiaries of Cutwater Holdings, LLC (Cutwater). Cutwater offers advisory services, including cash management, discretionary asset management and structured products on a fee-for-service basis.