8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): February 16, 2007

                                    MBIA INC.
             (Exact name of registrant as specified in its charter)

        Connecticut                     1-9583                   06-1185706
(State or other jurisdiction    (Commission File Number)        (IRS Employer
     of incorporation)                                       Identification No.)

             113 King Street,
             Armonk, New York                                       10504
(Addresses of principal executive offices)                        (Zip Code)

               Registrant's telephone number, including area code:
                                  914-273-4545

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

================================================================================




Item 5.02. DEPARTURE OF CERTAIN OFFICERS.

The following information, including the Exhibit to this Form 8-K, is being
furnished pursuant to Item 5.02 of Form 8-K.

(b) On February 16, 2007, MBIA Inc. (the "Company") issued a press release
announcing that Neil G. Budnick, President of MBIA Insurance Corporation and
responsible for all new financial guarantee insurance business, and Mark S.
Zucker, Managing Director and Head of Global Structured Finance, are leaving the
Company. Mr. Budnick's responsibilities will be assumed by Gary C. Dunton, Chief
Executive Officer. William C. Fallon, Managing Director and Head of Corporate
Strategy, has been named Head of Global Structured Finance, replacing Mr. Zucker
effective March 1, 2007. Messrs. Budnick and Zucker will leave the Company by
April 30, 2007.

A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is
incorporated by reference to this Item 5.02 as if fully set forth herein.


Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

99.1 Press Release issued by MBIA Inc. dated February 16, 2007.




                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                         MBIA INC.


                                                         By: /s/ Ram D. Wertheim
                                                             -------------------
                                                             Ram D. Wertheim
                                                             General Counsel

Date: February 21, 2007




                   EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
                             Dated February 16, 2007


Exhibit 99.1    Press Release issued by MBIA Inc. dated February 16, 2007.

EX-99.1

                                                                    Exhibit 99.1

              MBIA Announces Changes to Executive Management Team

     ARMONK, N.Y.--(BUSINESS WIRE)--Feb. 16, 2007--MBIA announced today that it
has reorganized its executive management team. Neil Budnick, president of MBIA
Insurance Corporation and responsible for all new financial guarantee insurance
business, has announced that he is leaving the Company to pursue other
interests. His responsibilities will be assumed by Gary C. Dunton, chief
executive officer. Mark Zucker, managing director and head of Global Structured
Finance, also will be leaving the Company to pursue other interests. William
Fallon, managing director and head of Corporate Strategy, has been named head of
Global Structured Finance, replacing Mr. Zucker. Messrs. Budnick and Zucker will
leave MBIA by April 30.

     "Neil's enthusiasm, leadership and dedication over the past 23 years have
been instrumental in building MBIA's franchise and establishing our position as
a leader in the financial guarantee industry. We are grateful for his vision and
invaluable contributions to the Company," said Mr. Dunton. "For the last seven
years, Mark's leadership in the Structured Finance Division has helped broaden
MBIA's footprint in structured finance and enabled us to pioneer several new
asset classes. We wish Neil and Mark well in their future endeavors."

     "Bill Fallon has demonstrated leadership in the Company," Mr. Dunton
continued. "I am confident that, together with our strong management team in
structured finance, he will help further strengthen our global presence in
structured finance."

     Prior to joining MBIA in 2005, Mr. Fallon was a partner in the Insurance
Group at McKinsey & Company and was co-leader of the firm's Corporate Finance
and Strategy practice. While there, he served as a key member of the North
American Wholesale Financial Institutions and Risk Management practices. Mr.
Fallon has a B.A. in economics from the College of William and Mary and an
M.B.A. from The Amos Tuck School at Dartmouth, where he was elected a Tuck
Scholar.

     The Company also announced that Willard Hill, managing director and Chief
Compliance Officer, has been named Chief Marketing and Communications Officer
and will assume responsibility for investor relations, corporate marketing and
communications, government relations and the MBIA Foundation. Additionally,
Charlie Williams, managing director and head of Investor Relations, will retire
on March 31 after fifteen years of dedicated service. Greg Diamond, a director
and head of Equity Investor Relations, will now manage both equity and
fixed-income investor relations. Dan McManus, a director in the Legal Division
supporting the Public Finance Division, has been named Chief Compliance Officer
and will take over the compliance function from Mr. Hill in addition to
continuing to support public finance. Messrs. Fallon, Hill, Diamond and McManus
will assume their new positions effective March 1.

     MBIA Inc., through its subsidiaries, is a leading financial guarantor and
provider of specialized financial services. MBIA's innovative and cost-effective
products and services 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, Standard & Poor's Ratings Services, Fitch Ratings, and Rating and
Investment Information, Inc. Please visit MBIA's Web site at
http://www.mbia.com.


     CONTACT: MBIA Inc.
              Michael Ballinger, 914-765-3893