JAMES E. MALLING ELECTED EXECUTIVE VICE PRESIDENT OF MBIA INC.
ARMONK, N.Y., Jan. 7 /PRNewswire/ -- James E. Malling has been elected executive vice president of MBIA Inc. (NYSE: MBI), the holding company of MBIA Corporation, the nation's leading insurer of municipal bonds. He is responsible for corporate marketing and new product development. Mr. Malling joined MBIA as a senior vice president in 1991. Under his direction, MBIA has significantly expanded its new product activities in the public finance, banking and insurance industries. Mr. Malling has also overseen a substantial increase in the company's marketing and communication programs directed to the retail buyer of insured municipal bonds. Prior to joining MBIA, Mr. Malling was president of CIGNA International Finance Inc. and senior vice president of the CIGNA Investment Group. He also served as a director of MBIA Inc. since its formation in 1986 to 1990 and as a governor of the Municipal Bond Insurance Association, the predecessor organization of MBIA Inc. from 1984 to 1986. Previously Mr. Malling was vice president of marketing in the international division of the American Can Company. He also served as head of the company's Japanese operations and was responsible for marketing a variety of consumer products in the United States. Mr. Malling began his career in the consumer foods division of General Mills Inc. The new MBIA executive vice president is a graduate of the University of Notre Dame and the University of Chicago's Graduate School of Business. MBIA Inc. through its wholly-owned subsidiary, MBIA Corporation, is the leading insurer of municipal bonds, including new issues and bonds traded in the secondary market. The company also guarantees high quality obligations offered by qualified financial institutions and provides investment management services for school districts and municipalities. MBIA Corporation has a claims-paying rating of Triple-A from Moody's Investors Service and Standard & Poor's Corporation and all municipal bonds insured by MBIA receive these ratings. -0- 1/7/93 /CONTACT: Michael C. Ballinger of MBIA, 914-765-3893/ (MBI)
CO: MBIA Inc.; MBIA Corporation ST: New York IN: FIN SU: PER
PS -- NY065 -- 2676 01/07/93 12:24 EST
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|Date:||Jan 7, 1993|
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