MBIA reports increased premium production

MBIA reported its global structured finance adjusted premiums increased 60% in the first half, on a 70% increase in policy production, the company reported. U.S. production increased 72%, and non-U.S. production increased 46%, as the company guaranteed several large CDOs, future flow and rental car fleet lease transactions. Of the total global structured finance exposure taken on in the first half of the year, 64% was rated single-A or greater.