MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. The company writes financial guarantees for municipal bonds, structured finance and the non-U.S. public finance obligations, public finance debt obligations, asset-backed obligations, payments due under credit and other derivatives, privately issued bonds, and obligations of sovereign-related and sub-sovereign issuers. It guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of the U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies; and obligations issued by private entities that finance projects, which serve a public purpose. The company also offers advisory services, including cash management, discretionary asset management, and structured products provided on a fee-for-service basis for public, not-for-profit, corporate, and financial services clients. MBIA Inc. provides its advisory services through its own field sales force, as well as through various intermediaries, such as investment consultants and financial advisors. The company was founded in 1973 and is headquartered in Armonk, New York.