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MBIA Inc. (MBIA) is engaged in providing financial guarantee insurance, investment management services, and municipal and other services to public finance and structured finance clients on a global basis. The Company conducts its financial guarantee business through its wholly owned subsidiary, MBIA Insurance Corporation (MBIA Corp.) and provides investment management products and financial services through its wholly owned subsidiary MBIA Asset Management, LLC (MBIA Asset Management). MBIA manages its activities primarily through two principal business operations: insurance and investment management services. In February 2007, MBIA Corp. formed a new subsidiary, MBIA Mexico, S.A. de C.V. (MBIA Mexico). During the year ended December 31, 2006, MBIA discontinued its municipal services operations. These operations included MBIA MuniServices Company (MuniServices). On December 5, 2006, the Company completed the sale of MBIA MuniServices Company.