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C. Edward Chaplin Elected To MBIA's Board of Directors.


Business Editors

ARMONK, N.Y.--(BUSINESS WIRE)--Dec. 16, 2002

MBIA MBIA Montana Building Industry Association
MBIA Municipal Bond Insurance Association
MBIA Michigan Boating Industries Association
MBIA Municipal Bond Investors Assurance
MBIA Massachusetts Brain Injury Association
MBIA Maryland Business Incubation Association
 Inc. (NYSE NYSE

See: New York Stock Exchange
: MBI MBI Management Buy-In
MBI Moody Bible Institute
MBI Mathematical Biosciences Institute
MBI Modular Building Institute
MBI Mechanical Breakdown Insurance
MBI Molecular Biology Institute
MBI Maslach Burnout Inventory (psychometrics) 
) announced today that C. Edward (Chuck) Chaplin (46) joins MBIA's Board of Directors, effective immediately.

Mr. Chaplin is senior vice president and treasurer of Prudential Financial Inc., responsible for Prudential's capital and liquidity management, corporate finance, and banking and cash management. As the corporate treasurer, he is also the chairman of the Financial Controls Committee, a management group supervising capital commitments, balance sheet and legal entity structure, and a member of the Investment Oversight Committee of the company's pension plans.

MBIA Chairman Jay Brown said, "Chuck brings a deep knowledge of the insurance industry and a strong financial background to the Board, both of which will assist MBIA as it grows its worldwide financial guarantee and asset management franchise."

Mr. Chaplin has been with Prudential since 1983 and is a member of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors.  of Newark School of the Arts School of the Arts is the name of several schools (usually high schools) that are devoted to the fine arts, including:
  • Brooklyn High School of the Arts, Brooklyn, New York
  • Charleston County School of the Arts, Charleston, South Carolina
 as well as a board member and treasurer of the Executive Leadership Council, a business group promoting workplace diversity. He holds a B.S. from Rutgers College and a Master's Degree in City and Regional Planning from Harvard University. He is also a Chartered Financial Analyst Chartered Financial Analyst (CFA)

An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts.
.

MBIA Inc., through its subsidiaries, is the world's preeminent financial guarantor and a leading provider of specialized financial services. MBIA provides innovative and cost-effective products and services that meet the credit enhancement, financial and investment needs of its public and private sector clients, domestically and internationally. MBIA Inc.'s principal operating subsidiary, MBIA Insurance Corporation, has a financial strength rating of Triple-A from Moody's Investors Service Moody's Investors Service

A leading global credit rating, research and risk analysis firm.


Moody's Investors Service

A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers.
, Standard & Poor's Ratings Services, Fitch Ratings, and Rating and Investment Information, Inc. Please visit MBIA's Web site at http://www.mbia.com.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 16, 2002
Words:290
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