MBIA
| MBIA
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|---|---|
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| legal form | |
| founding | 1973 |
| Seat | Armonk , New York |
| Branch | Finance, insurance |
| Website | www.mbia.com |
MBIA Inc. is a US financial company headquartered in Armonk , New York . The company is listed on the S&P 500 .
MBIA offers a variety of financial services, in particular insurance for asset management. The company was founded in 1973 and is considered the world's largest bond insurer .
In the wake of the stock market and real estate crisis, MBIA lost almost 90% of its market value from summer 2007 to January 2008. The reason for this is that in addition to conventional bonds, secured money market paper from ABCP programs was also insured, the quality of which has been questioned by many investors since the financial crisis from 2007 onwards .