Adam T. Bergonzi Named Chief Risk Officer of National Public Finance

National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. MBI, announced today that Adam T. Bergonzi has joined the company as Managing Director and Chief Risk Officer. Reporting to William C. Fallon, Chief Executive Officer, Mr. Bergonzi will be responsible for National's risk management activities and its insured portfolio management function. Mr. Bergonzi joins National with extensive experience in municipal credit analysis and a deep familiarity with the bond insurance industry. He was most recently Chief Risk Officer of Municipal and Infrastructure Assurance Corporation and prior to that was the Chief Credit Officer of Security Capital Assurance. Mr. Bergonzi previously spent 12 years at MBIA Insurance Corp. where he held positions of increasing responsibility in MBIA's insured portfolio management, new business, finance and corporate strategy areas.