MBIA Inc. (MBIA) is engaged in providing financial guarantee business through its wholly owned subsidiaries MBIA Corp. and MBIA Insurance Corp. of Illinois (MBIA Illinois) and conduct the investment management business through the Company and its subsidiaries, the wholly owned subsidiary MBIA Asset Management, LLC (MBIA Asset Management). The financial services provided by the Company includes financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, asset/liability products and conduits. In February 2009, the Company restructured the business to re-launch MBIA Illinois as a United States public finance-only financial guarantee company (the MBIA Illinois Transformation) through a series of transactions.