Mbia Inc
Officers & Directors
Joseph W. Brown (age 63) is Chief Executive Officer and director of the Company.
Mr. Brown assumed the roles of Chairman, CEO and director in February 2008 after
having retired as Executive Chairman of MBIA in May 2007. In May 2009, the Company’s
Board of Directors accepted Mr. Brown’s recommendation to split the roles
of Chairman and CEO and elected Daniel P. Kearney as Non-Executive Chairman, with
Mr. Brown continuing in the roles of CEO and director. Mr. Brown also serves as
Chairman of MBIA Insurance Corporation. Until May 2004, Mr. Brown had served as
Chairman and CEO of MBIA and MBIA Corp. Mr. Brown originally joined the Company
as Chairman and CEO in January 1999 after having been a director since 1986.
Prior to joining MBIA in 1999, Mr. Brown was Chairman and CEO of Talegen Holdings,
Inc., an insurance holding company. Before his election as Chairman and CEO of
Talegen, Mr. Brown was President and CEO of Fireman’s Fund Insurance Company.
Mr. Brown joined Fireman’s Fund in 1974. He held numerous executive positions
including Chief Financial Officer at the time of its IPO in 1985 from American
Express and President and Chief Operating Officer at the time of its sale to Allianz
AG in 1990.
Mr. Brown served on the board of Oxford Health Plans from 2000 to 2004 and on
the Board of Fireman Fund Holdings prior to the sale of its insurance subsidiary
to Allianz. He served on the SAFECO board from 2001 to September 2008 and was
elected Non-executive Chairman in January 2006.
On November 6, 2008, the Board of Directors of MBIA Inc. appointed Messrs Chaplin,
Fallon, Corso and Wertheim to the office set forth opposite their names above,
effective as of November 6, 2008.
Prior to being named President, Chief Financial Officer and Chief Administrative
Officer, C. Edward Chaplin (age 55) was Vice President and Chief Financial Officer
of the Company. Mr. Chaplin also serves as Chief Financial Officer of MBIA Insurance
Corporation and President, Chief Financial Officer and Chief Administrative Officer
of Optinuity. Prior to becoming an officer of the Company in June 2006, Mr. Chaplin
had served as a director of the Company from December 2002 to May 2006 and as
Senior Vice President and Treasurer of Prudential Financial Inc. since November
2000, responsible for Prudential’s capital and liquidity management, corporate
finance, and banking and cash management. Mr. Chaplin had been with Prudential
since 1983.
Prior to being named President and Chief Operating Officer, William C. Fallon
(age 52) was Vice President of the Company and head of the Global Structured Finance
Division. Mr. Fallon also serves as Chief Executive Officer of National and President
and Chief Operating Officer of MBIA Insurance Corporation. From July 2005 to March
1, 2007, Mr. Fallon was Vice President of the Company and head of Corporate and
Strategic Planning. Prior to joining the Company in 2005, Mr. Fallon was a partner
at McKinsey & Company and co-leader of that firm’s Corporate Finance
and Strategy Practice.
Mbia Inc currently has 252 employees.
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