MBIA signals sale process hinges on PREPA resolution as $374M claims transferred to custodian

MBIA Inc. is a provider of financial guaranteed insurance to the United States’ public finance markets through its subsidiary, National Public Finance Guarantee Corporation (National). It also provides financial guarantee insurance in the international and structured finance markets through its subsidiary MBIA Corp. Its segments include United States (U.S.) public finance insurance, corporate and International and Structured Finance Insurance. The U.S. public finance insurance portfolio is managed through National, whose financial guarantee insurance policies provide investors with unconditional and irrevocable guarantees of the payment of the principal, interest or other amounts owing on insured obligations when due. The international and structured finance insurance business is managed by MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). Its corporate segment is managed by the Company and several of its subsidiaries, including its service company, MBIA Services Corp.