Archives: News

BAM Celebrates Pride Month 2023
June 2, 2023

Build America Mutual (BAM) is honored to celebrate Pride Month and recognize the achievements of our LGBTQ+ colleagues, counterparties, and members. 

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BAM Opens Austin Office to Support Texas Municipal Bond Activity

BAM Opens Austin Office to Support Texas Municipal Bond Activity Managing VP Greg Pacifico Continues to Lead TX Public Finance   AUSTIN, TEX., April 14, 2023 – Build America Mutual, the U.S. municipal-only bond insurer, announced the opening of its third regional office in Austin, primarily to support new-issue activity…

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Kroll Bond Rating Agency Upgrades Fidus Re Series 2018-1 to AA-Plus
March 15, 2023

Kroll Bond Rating Agency upgraded its rating on Fidus Re’s $100 million Series 2018-1 Notes (Fidus I) to AA+ and affirmed its AA rating on Fidus Re’s $150 million Series 2021-1 Notes (Fidus II). The transactions were sold to fund collateralized excess-of-loss reinsurance agreements that provide additional claims-paying resources for…

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BAM Observes International Women’s Day 2023
March 8, 2023

This International Women’s Day, BAM celebrates the contributions of women, honors their accomplishments, and reaffirms our commitment to creating a more equal and just society for all. We also recognize that there is still much work to be done to achieve gender equality. We remain committed to doing our part…

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BAM Announces 2022 Statutory Financial Results
February 17, 2023

Build America Mutual today published its 2022 statutory financial results. Par insured totaled $16 billion and claims-paying resources were $1.42 billion as of December 31, 2022, including $150 million from the fully collateralized reinsurance transaction BAM closed with Fidus Re in November.

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BAM Observes Black History Month 2023
February 1, 2023

Build America Mutual takes this opportunity to celebrate contributions from our African American colleagues, counterparties and members within the public finance industry.

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BAM Observes MLK Day 2023
January 16, 2023

Please join BAM and our colleagues as we commemorate Dr. Martin Luther King Jr.’s legacy to establish civil and economic equality for all. BAM and its DEI Committee encourages all to celebrate the holiday by performing individual acts of kindness through service to others.

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Martin Arrick Joins BAM as Head of Health Care
December 12, 2022

Veteran health care analyst Martin Arrick has joined BAM as Head of Health Care to lead an initiative to expand coverage and analytical capacity for insuring nonprofit hospital systems in the U.S., primarily to serve investors in the secondary market. Mr. Arrick was formerly a managing director and healthcare group…

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BAM Announces Q3 2022 Statutory Financial Results
November 10, 2022

Build America Mutual, the only mutual, U.S. municipal-only bond insurer, today published its Third Quarter 2022 statutory financial results, showing $13.5 billion par insured and $109 million in total premiums, BAM’s strongest nine-month results on record. BAM also announced that it completed a $150 million, fully collateralized reinsurance agreement with Fidus…

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BAM Observes Native American Heritage Month 2022
November 7, 2022

November is Native American Heritage Month, and Build America Mutual, and our associates are taking the opportunity to recognize and celebrate the achievements of our Native American colleagues, counterparties, and members. 

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BAM Observes National Disability Employment Awareness Month 2022
October 13, 2022

Please join us as we celebrate all the fundamental contributions of disabled Americans in the workforce.

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BAM Observes National Hispanic Heritage Month 2022
September 15, 2022

Celebrando a nuestros colegas y asociados hispanos/Latinx

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Press Release

Michael Stanton

Head of Strategy and Communications