MBIA Insurance Corporation

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MBIA Insurance Corporation is a private, wholly owned subsidiary of MBIA. It is a financial guarantor that provides Triple-A credit enhancement for a broad range of securities. Located in Armonk, N.Y., the company provides financial guarantee insurances and credit enhancement for electric and gas systems. It also provides insurances for bonds traded in the secondary market. It offers credit enhancement for individual bond issues and packages with multiple bond issues. The company insures financial obligations for municipalities, nonprofit organizations, banks, insurance and finance companies and other private sector facilities in the primary and secondary markets worldwide. MBIA Insurance Corporation has a financial strength rating of Triple-A from Moody's, Standard & Poor's, Fitch and Rating & Investment Information Service. Gary C. Dunton has been the chief executive officer of MBIA for more than two years. He has been with the insurance firm for over eight years. Dunton attended Northeastern University and earned a MBA from Harvard.