Assured Guaranty is a Bermuda-based holding company that provides, through its operating subsidiaries, credit protection products to the U.S. and international public finance including infrastructure and structured finance markets. The company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities as well as to investors in such obligations. The company guarantees obligations issued in the U.S. and the U.K, and also guarantees obligations issued in other countries and regions. The company's financial guaranty direct and assumed businesses provide credit protection on public finance, infrastructure and structured finance obligations.

MBIA is a holding company. The company's primary business is to provide financial guarantee insurance to the U.S. public finance markets through its indirect, wholly-owned subsidiary, National Public Finance Guarantee Corporation (National). The company manages its businesses within three operating segments: U.S. public finance insurance, which is managed through National; corporate, which consists of general corporate activities, including general support services, such as management, legal, accounting, treasury, information technology, and insurance portfolio surveillancet; and international and structured finance insurance, which is conducted through MBIA Insurance Corporation.